Mitsubishi Electric (OTCMKTS:MIELY) Sees Strong Trading Volume – What’s Next?

Mitsubishi Electric Co. (OTCMKTS:MIELY) shares saw an uptick in trading volume on Tuesday . 132,766 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 95,818 shares.The stock last traded at $70.44 and had previously closed at $73.80.

Mitsubishi Electric Stock Performance

The business has a fifty day moving average of $64.27 and a two-hundred day moving average of $56.51. The firm has a market capitalization of $77.45 billion, a price-to-earnings ratio of 69.15 and a beta of 0.55.

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.