Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $34.6660, but opened at $36.27. Mitsubishi Electric shares last traded at $36.27, with a volume of 27,302 shares changing hands.
Mitsubishi Electric Trading Down 5.4%
The company’s fifty day simple moving average is $38.19 and its 200 day simple moving average is $34.68. The stock has a market capitalization of $72.27 billion, a P/E ratio of 35.81 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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