Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) fell 6% during trading on Tuesday. The company traded as low as $32.00 and last traded at $32.00. Approximately 4,710 shares were traded during mid-day trading, a decline of 59% from the average session volume of 11,387 shares. The stock had previously closed at $34.05.
Mitsubishi Electric Stock Up 1.6%
The business has a 50-day moving average price of $34.53 and a 200-day moving average price of $36.08. The firm has a market capitalization of $71.18 billion, a P/E ratio of 35.27 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japanese technology and manufacturing company that develops and supplies electrical and electronic equipment for industrial, commercial and consumer applications. Founded in 1921, the company is part of the broader Mitsubishi group and serves customers in Japan and international markets.
Its business activities include factory automation and industrial control systems, power-generation and transmission equipment, transportation systems, elevators and escalators, building-management systems, and information and communications equipment.
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