Mitsubishi Electric (OTCMKTS:MIELY) Trading Down 2.5% – What’s Next?

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELY) fell 2.5% during mid-day trading on Tuesday . The company traded as low as $55.57 and last traded at $55.89. 45,609 shares changed hands during trading, a decline of 56% from the average session volume of 103,247 shares. The stock had previously closed at $57.3505.

Analyst Upgrades and Downgrades

Separately, CLSA upgraded shares of Mitsubishi Electric to a “hold” rating in a report on Monday, August 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Mitsubishi Electric Price Performance

The stock’s fifty day moving average price is $51.61 and its 200-day moving average price is $45.77. The firm has a market cap of $59.05 billion, a price-to-earnings ratio of 52.73 and a beta of 0.54.

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.