Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $36.6080, but opened at $33.90. Mitsubishi Electric shares last traded at $33.90, with a volume of 505 shares traded.
Mitsubishi Electric Stock Performance
The company has a market capitalization of $72.79 billion, a price-to-earnings ratio of 36.06 and a beta of 0.63. The company has a fifty day simple moving average of $36.13 and a two-hundred day simple moving average of $36.80.
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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