Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $40.50 and last traded at $40.50, with a volume of 385 shares. The stock had previously closed at $39.1980.
Mitsubishi Electric Stock Up 7.2%
The stock has a fifty day moving average of $35.74 and a two-hundred day moving average of $32.03. The stock has a market cap of $90.23 billion, a price-to-earnings ratio of 44.70 and a beta of 0.63.
About Mitsubishi Electric
(
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Mitsubishi Electric Corporation (trading OTC as MIELF) is a diversified Japanese multinational manufacturer of electrical and electronic equipment. Established in 1921 as part of the broader Mitsubishi group, the company is headquartered in Tokyo and has grown into a global supplier of products and systems for industrial, commercial, infrastructure and consumer markets.
The company's operations span a wide range of businesses including power and energy systems, factory automation and industrial machinery, building systems such as elevators and escalators, heating, ventilation and air-conditioning (HVAC) equipment, transportation systems including railway and traffic control solutions, and space and defense-related products.
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