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OTCMKTS:MIELF

Mitsubishi Electric (MIELF) Stock Price, News & Analysis

Mitsubishi Electric logo
$17.15
+2.25 (+15.10%)
(As of 10/31/2024 ET)

About Mitsubishi Electric Stock (OTCMKTS:MIELF)

Key Stats

Today's Range
$16.81
$17.15
50-Day Range
$14.90
$16.95
52-Week Range
$10.99
$18.70
Volume
1,246 shs
Average Volume
1,717 shs
Market Capitalization
$36.82 billion
P/E Ratio
18.24
Dividend Yield
1.46%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. The company also provides programmable logic controllers, inverters, servomotors, hoists, magnetic switches, circuit breakers, time and power meters, uninterruptible power supply, industrial fans, computerized numerical controllers, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, electric powertrain systems, car electronics and mechatronics, and others. In addition, it offers satellite communications and radar equipment, satellites, antennas, missile and fire control systems, broadcasting and information systems equipment, network security systems, and systems integration products; and power modules, and power modules, optical and LCD devices, and others. Further, the company provides air conditioners, chillers, showcases, compressors, refrigeration units, air-to-water heat pump boilers, ventilators, hot water supply systems, IH cooking heaters, LED bulbs, indoor lighting, LCD televisions, refrigerators, electric fans, dehumidifiers, air purifiers, vacuum cleaners, jar rice cookers, microwave ovens, and others. Additionally, it offers procurement, logistics, real estate, advertising, finance, and other services. The company was incorporated in 1921 and is headquartered in Tokyo, Japan.

Mitsubishi Electric Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
11th Percentile Overall Score

MIELF MarketRank™: 

Mitsubishi Electric scored higher than 11% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Mitsubishi Electric is 18.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Mitsubishi Electric is 18.24, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 517.97.

  • Percentage of Shares Shorted

    0.13% of the outstanding shares of Mitsubishi Electric have been sold short.
  • Short Interest Ratio / Days to Cover

    Mitsubishi Electric has a short interest ratio ("days to cover") of 1032.9, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Mitsubishi Electric has recently increased by 5.66%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Mitsubishi Electric pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Mitsubishi Electric does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Mitsubishi Electric is 26.60%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Mitsubishi Electric's dividend.
  • Percentage of Shares Shorted

    0.13% of the outstanding shares of Mitsubishi Electric have been sold short.
  • Short Interest Ratio / Days to Cover

    Mitsubishi Electric has a short interest ratio ("days to cover") of 1032.9, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Mitsubishi Electric has recently increased by 5.66%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Mitsubishi Electric has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.33 average news sentiment score of Industrials companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Mitsubishi Electric this week, compared to 1 article on an average week.
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MIELF Stock News Headlines

Aisin Partners with Mitsubishi Electric on Future xEVs
The most serious warning of my career
With the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close. I predict they could see investment losses of 50% (or more) in the weeks following the presidential election.
Mitsubishi Electric : ME Innovation Fund Invests In Formic Technologies
See More Headlines

MIELF Stock Analysis - Frequently Asked Questions

Mitsubishi Electric's stock was trading at $14.4020 at the beginning of 2024. Since then, MIELF stock has increased by 19.1% and is now trading at $17.15.
View the best growth stocks for 2024 here
.

Mitsubishi Electric subsidiaries include ICONICS, ASTES4, Powerex, MELCO Hydronics & IT Cooling S.p.A., Setsuyo Astec Corp., Mitsubishi Electric Klimat Transportation Systems S.p.A, FA Tech Co Ltd., and more.

Shares of MIELF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Industry, Sector and Symbol

Industry
Electrical Equipment & Parts
Sub-Industry
Personal Services
Current Symbol
OTCMKTS:MIELF
CIK
N/A
Fax
N/A
Employees
149,655
Year Founded
1921

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Outstanding Shares
2,147,200,000
Free Float
N/A
Market Cap
$31.99 billion
Optionable
Not Optionable
Beta
0.63

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This page (OTCMKTS:MIELF) was last updated on 10/31/2024 by MarketBeat.com Staff
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