Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $35.19, but opened at $37.5169. Mitsubishi Electric shares last traded at $37.5169, with a volume of 116,491 shares trading hands.
Mitsubishi Electric Stock Up 6.6%
The company has a market capitalization of $80.56 billion, a price-to-earnings ratio of 39.91 and a beta of 0.63. The stock’s fifty day moving average price is $38.43 and its 200-day moving average price is $34.91.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation (trading OTC as MIELF) is a diversified Japanese multinational manufacturer of electrical and electronic equipment. Established in 1921 as part of the broader Mitsubishi group, the company is headquartered in Tokyo and has grown into a global supplier of products and systems for industrial, commercial, infrastructure and consumer markets.
The company’s operations span a wide range of businesses including power and energy systems, factory automation and industrial machinery, building systems such as elevators and escalators, heating, ventilation and air-conditioning (HVAC) equipment, transportation systems including railway and traffic control solutions, and space and defense-related products.
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