Mitsubishi Electric (OTCMKTS:MIELF) Hits New 52-Week High - Here's Why

Key Points

• Mitsubishi Electric's shares reached a new 52-week high of $25.81, indicating a significant increase compared to the previous close of $23.66.
• The company has a market capitalization of $55.29 billion and a PE ratio of 27.39, suggesting strong financial performance in the market.
• Mitsubishi Electric operates in multiple sectors, offering a wide range of electrical and electronic equipment, including power electronics and surveillance systems.

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $25.81 and last traded at $25.81, with a volume of 258 shares changing hands. The stock had previously closed at $23.66.

Mitsubishi Electric Stock Performance

The firm has a fifty day moving average price of $23.49 and a 200 day moving average price of $20.82. The stock has a market cap of $56.84 billion, a PE ratio of 28.16 and a beta of 0.63.

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.