Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) dropped 6% on Tuesday. The stock traded as low as $32.00 and last traded at $32.00. 4,710 shares were traded during mid-day trading, a decline of 59% from the average session volume of 11,387 shares. The stock had previously closed at $34.05.
Mitsubishi Electric Stock Down 4.6%
The firm’s 50-day simple moving average is $34.44 and its 200 day simple moving average is $36.10. The firm has a market cap of $69.72 billion, a P/E ratio of 34.54 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japanese technology and manufacturing company that develops and supplies electrical and electronic equipment for industrial, commercial and consumer applications. Founded in 1921, the company is part of the broader Mitsubishi group and serves customers in Japan and international markets.
Its business activities include factory automation and industrial control systems, power-generation and transmission equipment, transportation systems, elevators and escalators, building-management systems, and information and communications equipment.
Featured Articles
- Five stocks we like better than Mitsubishi Electric
- InvenTrust’s Sell-Off Opens a Potential Entry Point
- Curaleaf’s Higher Aurora Bid Raises the Stakes in Cannabis Consolidation
- Why onsemi’s Synaptics Pivot Could Be a Game Changer
- AI Chip Demand Gives Linde a New Growth Catalyst
Receive News & Ratings for Mitsubishi Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Electric and related companies with MarketBeat.com's FREE daily email newsletter.
