Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $33.75, but opened at $32.50. Mitsubishi Electric shares last traded at $34.40, with a volume of 1,054 shares changing hands.
Mitsubishi Electric Price Performance
The stock’s 50-day simple moving average is $34.47 and its 200 day simple moving average is $36.09. The stock has a market capitalization of $70.07 billion, a P/E ratio of 34.71 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japanese technology and manufacturing company that develops and supplies electrical and electronic equipment for industrial, commercial and consumer applications. Founded in 1921, the company is part of the broader Mitsubishi group and serves customers in Japan and international markets.
Its business activities include factory automation and industrial control systems, power-generation and transmission equipment, transportation systems, elevators and escalators, building-management systems, and information and communications equipment.
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