Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) was down 8.9% on Friday . The company traded as low as $31.10 and last traded at $31.19. 1,163 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 11,834 shares. The stock had previously closed at $34.22.
Mitsubishi Electric Trading Down 8.9%
The stock’s 50-day moving average price is $34.91 and its 200-day moving average price is $36.27. The company has a market capitalization of $66.97 billion, a P/E ratio of 33.18 and a beta of 0.63.
About Mitsubishi Electric
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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