Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) were down 5.4% during trading on Monday . The stock traded as low as $33.69 and last traded at $33.69. Approximately 9,037 shares were traded during mid-day trading, a decline of 26% from the average session volume of 12,290 shares. The stock had previously closed at $35.61.
Mitsubishi Electric Trading Up 1.7%
The stock has a market cap of $77.76 billion, a price-to-earnings ratio of 38.53 and a beta of 0.63. The stock’s 50-day moving average price is $35.97 and its 200-day moving average price is $36.74.
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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