Mitsubishi Electric (OTCMKTS:MIELF) Shares Down 5% – Here’s What Happened

Mitsubishi Electric Co. (OTCMKTS:MIELF) shares traded down 5% during mid-day trading on Friday . The company traded as low as $27.1840 and last traded at $27.1840. 550 shares traded hands during trading, a decline of 87% from the average session volume of 4,110 shares. The stock had previously closed at $28.6060.

Mitsubishi Electric Trading Down 3.7%

The business’s fifty day moving average price is $26.70 and its 200 day moving average price is $23.48. The firm has a market capitalization of $58.37 billion, a price-to-earnings ratio of 28.92 and a beta of 0.63.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.