Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $67.49 and last traded at $67.43, with a volume of 24051 shares. The stock had previously closed at $63.03.
Mitsubishi Electric Stock Performance
The firm has a market capitalization of $70.79 billion, a price-to-earnings ratio of 63.21 and a beta of 0.54. The company has a 50 day moving average price of $60.05 and a two-hundred day moving average price of $54.07.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.
The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.
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