Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) dropped 3.3% on Friday . The company traded as low as $17.40 and last traded at $17.40. Approximately 445 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 273 shares. The stock had previously closed at $18.00.
Mitsubishi Electric Price Performance
The firm has a 50-day moving average price of $17.27 and a two-hundred day moving average price of $16.44. The firm has a market capitalization of $37.36 billion, a P/E ratio of 18.51 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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