Mitsubishi Electric (OTCMKTS:MIELY) Shares Cross Below 50-Day Moving Average of $32.27

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $32.27 and traded as low as $31.72. Mitsubishi Electric shares last traded at $31.72, with a volume of 103,686 shares changing hands.

Mitsubishi Electric Price Performance

The business has a 50-day simple moving average of $32.27 and a 200-day simple moving average of $33.12.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.