Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) saw unusually-strong trading volume on Thursday. Approximately 16,459 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 11,368 shares. The stock last traded at $29.5760 and had previously closed at $30.0350.
Mitsubishi Electric Price Performance
The firm has a market capitalization of $61.62 billion, a P/E ratio of 30.53 and a beta of 0.63. The stock’s fifty day simple moving average is $32.09 and its 200 day simple moving average is $35.34.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japan-based manufacturer of electrical and electronic equipment. Founded in 1921, the company is headquartered in Tokyo and serves customers in Japan and markets around the world.
Its businesses include factory automation and industrial systems, power and transportation infrastructure, elevators and escalators, and heating, ventilation and air-conditioning equipment. The company also makes automotive equipment, electronic components and semiconductor devices, and products for information and communications systems.
Mitsubishi Electric supplies equipment and services to industrial, commercial and public-sector customers, with offerings that range from individual components to integrated systems.
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