Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.5020 and last traded at $33.5020, with a volume of 313 shares trading hands. The stock had previously closed at $32.18.
Mitsubishi Electric Price Performance
The business has a 50 day moving average price of $30.34 and a 200 day moving average price of $27.30. The stock has a market capitalization of $71.94 billion, a PE ratio of 35.64 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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