Mitsubishi Electric (OTCMKTS:MIELY – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
Mitsubishi Electric Price Performance
OTCMKTS MIELY opened at $69.42 on Monday. The company’s 50 day simple moving average is $74.47 and its two-hundred day simple moving average is $71.69. The stock has a market capitalization of $73.35 billion, a PE ratio of 65.49 and a beta of 0.75. Mitsubishi Electric has a 1 year low of $43.03 and a 1 year high of $86.00.
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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