Mitsubishi Electric (OTCMKTS:MIELF) Reaches New 52-Week High - Time to Buy?

Key Points

• Mitsubishi Electric stock reached a new 52-week high at $25.00, with a trading volume of 14,900 shares on Tuesday.
• The company has a market capitalization of $54.19 billion and a PE ratio of 26.85, indicating solid investment potential.
• Mitsubishi Electric operates in multiple segments, including infrastructure and business platforms, and offers a wide range of electrical and electronic equipment.

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $25.00 and last traded at $25.00, with a volume of 14900 shares. The stock had previously closed at $24.40.

Mitsubishi Electric Price Performance

The company has a market capitalization of $53.95 billion, a P/E ratio of 26.73 and a beta of 0.63. The company has a fifty day moving average price of $21.87 and a two-hundred day moving average price of $19.55.

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.