Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) dropped 7.4% during trading on Monday . The stock traded as low as $17.13 and last traded at $17.13. Approximately 741 shares traded hands during trading, a decline of 86% from the average daily volume of 5,399 shares. The stock had previously closed at $18.50.
Mitsubishi Electric Stock Performance
The firm’s 50-day simple moving average is $17.63 and its two-hundred day simple moving average is $17.16. The stock has a market cap of $36.78 billion, a price-to-earnings ratio of 18.22 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.
Further Reading
- Five stocks we like better than Mitsubishi Electric
- Consumer Discretionary Stocks Explained
- AST SpaceMobile: 5 Reasons to Buy This Tiny Trailblazer Stock
- How to Choose Top Rated Stocks
- Why Call Option Traders Are Targeting This Dividend ETF Now
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Is Alphabet Misunderstood? Here’s Why the Bulls Are Buying
Receive News & Ratings for Mitsubishi Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Electric and related companies with MarketBeat.com's FREE daily email newsletter.
