Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $61.87, but opened at $59.30. Mitsubishi Electric shares last traded at $58.99, with a volume of 1,163 shares trading hands.
Mitsubishi Electric Price Performance
The stock has a market cap of $62.34 billion, a P/E ratio of 55.67 and a beta of 0.57. The company has a fifty day moving average of $54.98 and a 200 day moving average of $49.38.
About Mitsubishi Electric
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.
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