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

Key Points

• Mitsubishi Electric reached a new 52-week high share price of $27.15, compared to the previous close of $26.23.
• The company's market cap stands at $58.30 billion with a PE ratio of 28.88.
• Mitsubishi Electric operates through five segments, offering a wide range of electrical and electronic equipment globally.

Mitsubishi Electric Co. (OTCMKTS:MIELF - )'s share price reached a new 52-week high on Monday . The stock traded as high as $27.15 and last traded at $27.15, with a volume of 1000 shares changing hands. The stock had previously closed at $26.23.

Mitsubishi Electric Stock Performance

The company's 50-day moving average price is $24.95 and its two-hundred day moving average price is $21.65. The stock has a market cap of $58.30 billion, a PE ratio of 28.88 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.

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