Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,128 shares traded hands during trading, an increase of 10% from the previous session’s volume of 1,928 shares.The stock last traded at $32.11 and had previously closed at $32.8180.
Mitsubishi Electric Stock Up 0.5%
The firm’s 50 day moving average is $29.26 and its 200-day moving average is $26.30. The firm has a market cap of $70.82 billion, a PE ratio of 35.09 and a beta of 0.63.
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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