Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $40.43, but opened at $38.0420. Mitsubishi Electric shares last traded at $38.0420, with a volume of 382 shares traded.
Mitsubishi Electric Price Performance
The stock’s 50-day simple moving average is $36.78 and its 200 day simple moving average is $33.43. The stock has a market capitalization of $81.78 billion, a P/E ratio of 40.52 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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