Mitsubishi Electric (OTCMKTS:MIELY) Shares Gap Down – Here’s Why

Mitsubishi Electric Co. (OTCMKTS:MIELY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $54.76, but opened at $50.54. Mitsubishi Electric shares last traded at $52.3550, with a volume of 1,485 shares trading hands.

Analyst Upgrades and Downgrades

Separately, CLSA raised Mitsubishi Electric to a “hold” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Mitsubishi Electric Price Performance

The company has a market capitalization of $55.84 billion, a price-to-earnings ratio of 49.86 and a beta of 0.53. The business’s 50-day moving average price is $53.01 and its two-hundred day moving average price is $47.12.

Mitsubishi Electric Company Profile

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.