Mitsubishi Electric (OTCMKTS:MIELF) Sets New 52-Week High - What's Next?

Key Points

• Mitsubishi Electric's stock hit a new 52-week high of $24.42 during recent trading, up from a previous close of $22.13.
• The company's market cap stands at $52.43 billion, with a PE ratio of 25.98, indicating healthy growth potential.
• Mitsubishi Electric operates through five segments, offering a diverse range of products including power electronics, security systems, and communication technologies.

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $24.42 and last traded at $24.42, with a volume of 301 shares trading hands. The stock had previously closed at $22.13.

Mitsubishi Electric Price Performance

The company has a market capitalization of $52.43 billion, a price-to-earnings ratio of 25.98 and a beta of 0.63. The stock has a 50-day moving average price of $21.31 and a 200-day moving average price of $19.08.

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.