Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $30.6580, but opened at $29.4040. Mitsubishi Electric shares last traded at $29.4040, with a volume of 847 shares changing hands.
Mitsubishi Electric Price Performance
The firm’s 50-day moving average price is $31.80 and its 200 day moving average price is $35.32. The firm has a market capitalization of $63.61 billion, a price-to-earnings ratio of 31.52 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japan-based manufacturer of electrical and electronic equipment. Founded in 1921, the company is headquartered in Tokyo and serves customers in Japan and markets around the world. Its businesses include factory automation and industrial systems, power and transportation infrastructure, elevators and escalators, and heating, ventilation and air-conditioning equipment. The company also makes automotive equipment, electronic components and semiconductor devices, and products for information and communications systems.
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