Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) shares saw an uptick in trading volume on Wednesday . 164,452 shares changed hands during trading, an increase of 32% from the previous session’s volume of 124,224 shares.The stock last traded at $70.04 and had previously closed at $71.96.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Mitsubishi Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.
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Mitsubishi Electric Stock Down 3.3%
About Mitsubishi Electric
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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