Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s share price traded down 6.4% during trading on Friday . The company traded as low as $36.9980 and last traded at $36.9980. 1,383 shares traded hands during trading, a decline of 90% from the average daily volume of 13,380 shares. The stock had previously closed at $39.53.
Mitsubishi Electric Stock Performance
The company has a market capitalization of $79.44 billion, a PE ratio of 39.36 and a beta of 0.63. The stock’s fifty day simple moving average is $36.23 and its 200-day simple moving average is $36.38.
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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