Mitsubishi Electric (OTCMKTS:MIELF) Sets New 12-Month High - Here's What Happened

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $22.21 and last traded at $22.21, with a volume of 213 shares traded. The stock had previously closed at $21.26.

Mitsubishi Electric Price Performance

The company has a market capitalization of $44.77 billion, a price-to-earnings ratio of 22.18 and a beta of 0.63. The business has a fifty day moving average price of $20.64 and a 200 day moving average price of $18.50.

Mitsubishi Electric Company Profile

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.