Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) were up 8.5% on Thursday . The company traded as high as $34.34 and last traded at $34.34. Approximately 199 shares were traded during trading, a decline of 98% from the average session volume of 11,948 shares. The stock had previously closed at $31.6460.
Mitsubishi Electric Stock Performance
The company’s fifty day moving average price is $35.48 and its 200-day moving average price is $36.52. The stock has a market cap of $68.66 billion, a P/E ratio of 34.02 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops products and systems for residential, commercial, industrial and infrastructure applications.
Its businesses include energy and electric systems, factory automation and industrial control equipment, building systems such as elevators and escalators, automotive equipment, information and communications systems, electronic devices and semiconductors, and home appliances.
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