Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $33.8120, but opened at $35.3750. Mitsubishi Electric shares last traded at $35.08, with a volume of 1,584 shares changing hands.
Mitsubishi Electric Stock Up 1.9%
The firm’s 50 day simple moving average is $36.00 and its 200 day simple moving average is $36.75. The company has a market capitalization of $75.32 billion, a PE ratio of 37.32 and a beta of 0.63.
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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