Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) was down 7.8% on Monday . The stock traded as low as $33.3160 and last traded at $33.77. Approximately 6,542 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 12,495 shares. The stock had previously closed at $36.6080.
Mitsubishi Electric Trading Down 5.7%
The stock has a market capitalization of $74.12 billion, a P/E ratio of 36.72 and a beta of 0.63. The business has a fifty day simple moving average of $36.15 and a 200 day simple moving average of $36.79.
Mitsubishi Electric Company Profile
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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