Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price rose 8.8% during trading on Wednesday . The company traded as high as $41.9375 and last traded at $41.9375. Approximately 128 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 13,445 shares. The stock had previously closed at $38.5450.
Mitsubishi Electric Stock Down 1.6%
The company has a market cap of $85.20 billion, a P/E ratio of 42.21 and a beta of 0.63. The stock’s 50-day moving average price is $37.39 and its 200 day moving average price is $33.96.
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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