Mitsubishi Electric (OTCMKTS:MIELY) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $54.00, but opened at $52.28. Mitsubishi Electric shares last traded at $54.6550, with a volume of 2,625 shares traded.

Wall Street Analyst Weigh In

Separately, CLSA upgraded shares of Mitsubishi Electric to a “hold” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsubishi Electric currently has an average rating of “Hold”.

Read Our Latest Analysis on Mitsubishi Electric

Mitsubishi Electric Trading Up 2.0%

The firm has a market capitalization of $57.99 billion, a P/E ratio of 51.77 and a beta of 0.53. The business has a 50 day moving average of $53.11 and a 200-day moving average of $47.55.

About Mitsubishi Electric

(Get Free Report)

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.

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