Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.5499 and last traded at $64.38, with a volume of 40184 shares changing hands. The stock had previously closed at $63.52.
Mitsubishi Electric Stock Performance
The company has a market capitalization of $67.56 billion, a price-to-earnings ratio of 60.32 and a beta of 0.54. The company has a fifty day simple moving average of $58.17 and a two-hundred day simple moving average of $52.32.
About Mitsubishi Electric
Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.
The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.
Further Reading
- Five stocks we like better than Mitsubishi Electric
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A U.S. “birthright” claim worth trillions – activated quietly
- Executive Order 14330: Trump’s Biggest Yet
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
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.
