Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shot up 15.1% on Monday . The stock traded as high as $17.15 and last traded at $17.15. 1,200 shares traded hands during trading, a decline of 30% from the average session volume of 1,721 shares. The stock had previously closed at $14.90.
Mitsubishi Electric Stock Performance
The firm has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.38. The stock has a market capitalization of $36.82 billion, a P/E ratio of 18.24 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.
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