Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $36.50, but opened at $38.60. Mitsubishi Electric shares last traded at $38.60, with a volume of 215 shares trading hands.
Mitsubishi Electric Stock Up 1.4%
The company has a 50 day moving average of $32.73 and a two-hundred day moving average of $28.74. The firm has a market cap of $82.88 billion, a P/E ratio of 41.06 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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