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Mitsubishi Electric (OTCMKTS:MIELF) Hits New 1-Year High - Should You Buy?

Mitsubishi Electric logo with Industrials background

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.10 and last traded at $22.10, with a volume of 88258 shares. The stock had previously closed at $20.05.

Mitsubishi Electric Price Performance

The firm has a market cap of $47.46 billion, a PE ratio of 23.51 and a beta of 0.63. The stock's fifty day moving average price is $18.80 and its 200-day moving average price is $17.66.

Mitsubishi Electric Company Profile

(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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