Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $29.2040, but opened at $31.9460. Mitsubishi Electric shares last traded at $31.9460, with a volume of 365 shares trading hands.
Mitsubishi Electric Trading Up 1.9%
The firm’s fifty day moving average price is $32.90 and its 200 day moving average price is $35.43. The stock has a market capitalization of $63.88 billion, a price-to-earnings ratio of 31.65 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops technologies and systems for industrial, infrastructure, commercial and consumer applications.
Its products and services include factory automation equipment, industrial robots, control systems, power-generation and distribution equipment, transportation systems, elevators and escalators, air-conditioning and building systems, and automotive equipment.
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