Mitsubishi Electric (OTCMKTS:MIELF) Sees Strong Trading Volume – Here’s Why

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF) saw an uptick in trading volume on Friday . 5,100 shares were traded during trading, an increase of 26% from the previous session’s volume of 4,042 shares.The stock last traded at $30.30 and had previously closed at $30.30.

Mitsubishi Electric Stock Up 3.2%

The firm has a market capitalization of $66.59 billion, a P/E ratio of 32.99 and a beta of 0.63. The business’s 50 day moving average is $27.55 and its two-hundred day moving average is $24.64.

About Mitsubishi Electric

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.