Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $30.9660, but opened at $29.2080. Mitsubishi Electric shares last traded at $29.2080, with a volume of 890 shares traded.
Mitsubishi Electric Stock Down 1.6%
The firm’s 50 day simple moving average is $33.09 and its 200 day simple moving average is $35.43. The company has a market cap of $65.77 billion, a price-to-earnings ratio of 32.59 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops technologies and systems for industrial, infrastructure, commercial and consumer applications.
Its products and services include factory automation equipment, industrial robots, control systems, power-generation and distribution equipment, transportation systems, elevators and escalators, air-conditioning and building systems, and automotive equipment.
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