Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $32.8180, but opened at $30.70. Mitsubishi Electric shares last traded at $30.70, with a volume of 125 shares traded.
Mitsubishi Electric Stock Down 4.7%
The stock has a fifty day moving average of $29.45 and a 200-day moving average of $26.54. The stock has a market capitalization of $67.47 billion, a price-to-earnings ratio of 33.43 and a beta of 0.63.
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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