Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shot up 7.4% during trading on Thursday. The company traded as high as $32.7820 and last traded at $32.7820. Approximately 4,797 shares were traded during trading, a decline of 58% from the average session volume of 11,406 shares. The stock had previously closed at $30.52.
Mitsubishi Electric Price Performance
The stock has a market cap of $70.39 billion, a PE ratio of 34.87 and a beta of 0.63. The business has a fifty day moving average of $34.22 and a 200 day moving average of $36.00.
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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