Mitsubishi Electric (OTCMKTS:MIELF) Shares Gap Up – Here’s What Happened
by Michael Walen · The Markets DailyShares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $27.03, but opened at $28.35. Mitsubishi Electric shares last traded at $28.35, with a volume of 800 shares trading hands.
Mitsubishi Electric Price Performance
The stock has a 50-day moving average of $27.14 and a 200-day moving average of $24.29. The firm has a market cap of $60.87 billion, a price-to-earnings ratio of 30.16 and a beta of 0.63.
About Mitsubishi Electric
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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