Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $35.56, but opened at $31.6220. Mitsubishi Electric shares last traded at $31.6220, with a volume of 807 shares changing hands.
Mitsubishi Electric Stock Down 7.5%
The stock has a market cap of $70.61 billion, a PE ratio of 34.98 and a beta of 0.63. The firm has a 50-day simple moving average of $35.72 and a 200-day simple moving average of $36.60.
About Mitsubishi Electric
Mitsubishi Electric Corporation (trading OTC as MIELF) is a diversified Japanese multinational manufacturer of electrical and electronic equipment. Established in 1921 as part of the broader Mitsubishi group, the company is headquartered in Tokyo and has grown into a global supplier of products and systems for industrial, commercial, infrastructure and consumer markets.
The company’s operations span a wide range of businesses including power and energy systems, factory automation and industrial machinery, building systems such as elevators and escalators, heating, ventilation and air-conditioning (HVAC) equipment, transportation systems including railway and traffic control solutions, and space and defense-related products.
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