Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares saw an uptick in trading volume on Friday . 8,876 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 3,942 shares.The stock last traded at $29.60 and had previously closed at $30.00.
Mitsubishi Electric Trading Down 3.4%
The company has a market capitalization of $63.56 billion, a price-to-earnings ratio of 31.49 and a beta of 0.63. The company’s 50 day simple moving average is $28.62 and its 200-day simple moving average is $25.54.
About Mitsubishi Electric
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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