Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.10 and last traded at $22.10, with a volume of 88258 shares trading hands. The stock had previously closed at $20.05.
Mitsubishi Electric Stock Performance
The company has a market cap of $47.46 billion, a price-to-earnings ratio of 23.51 and a beta of 0.63. The firm's fifty day moving average price is $18.96 and its 200-day moving average price is $17.77.
About Mitsubishi Electric
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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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