Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s share price dropped 5% on Friday . The company traded as low as $27.1840 and last traded at $27.1840. Approximately 550 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 4,110 shares. The stock had previously closed at $28.6060.
Mitsubishi Electric Trading Down 3.7%
The stock has a fifty day simple moving average of $26.70 and a 200-day simple moving average of $23.48. The company has a market capitalization of $58.37 billion, a PE ratio of 28.92 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.
Recommended Stories
- Five stocks we like better than Mitsubishi Electric
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Eli Lilly Strikes Deal With Trump: Why Shares Are Up 10% Since
- Top Biotech Stocks: Exploring Innovation Opportunities
- Here’s What We Learned From AST SpaceMobile’s Q3 Earnings Report
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 3 Stocks Quietly Leveraging AI While Everyone Chases NVIDIA
Receive News & Ratings for Mitsubishi Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Electric and related companies with MarketBeat.com's FREE daily email newsletter.
