Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) saw an uptick in trading volume on Friday . 105,817 shares changed hands during trading, a decline of 17% from the previous session’s volume of 126,782 shares.The stock last traded at $74.76 and had previously closed at $75.0575.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MIELY. Zacks Research cut Mitsubishi Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. UBS Group raised Mitsubishi Electric from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on MIELY
Mitsubishi Electric Stock Performance
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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