Mitsubishi Electric (OTCMKTS:MIELF) Reaches New 1-Year High – Time to Buy?

by · The Markets Daily

Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $30.30 and last traded at $30.30, with a volume of 28809 shares traded. The stock had previously closed at $29.1440.

Mitsubishi Electric Stock Up 4.0%

The company’s 50-day moving average is $27.47 and its two-hundred day moving average is $24.60. The company has a market capitalization of $65.06 billion, a P/E ratio of 32.23 and a beta of 0.63.

About Mitsubishi Electric

(Get Free Report)

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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