Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $40.43, but opened at $38.0420. Mitsubishi Electric shares last traded at $38.0420, with a volume of 382 shares trading hands.
Mitsubishi Electric Stock Up 5.2%
The company has a market capitalization of $82.76 billion, a price-to-earnings ratio of 41.01 and a beta of 0.63. The company’s 50 day simple moving average is $36.88 and its two-hundred day simple moving average is $33.56.
Mitsubishi Electric Company Profile
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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