Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) rose 0.7% during mid-day trading on Monday . The company traded as high as $21.54 and last traded at $21.00. Approximately 1,099 shares changed hands during trading, a decline of 83% from the average daily volume of 6,378 shares. The stock had previously closed at $20.85.
Mitsubishi Electric Stock Performance
The business’s 50-day moving average price is $20.68 and its 200-day moving average price is $18.54. The stock has a market cap of $45.09 billion, a P/E ratio of 22.34 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. 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, large 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.
Featured Stories
- Five stocks we like better than Mitsubishi Electric
- What is the Dogs of the Dow Strategy? Overview and Examples
- These 3 Undervalued Stocks Could Surge as Value Rotation Nears
- Investing in the High PE Growth Stocks
- Tilray Shares Blazing: What’s Behind the 55% Rally This Month?
- Asset Allocation Strategies in Volatile Markets
- 3 Retail Stocks to Watch as Back-to-School Spending Ramps Up
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.
