Mitsubishi Electric (OTCMKTS:MIELF) Shares Down 0.1% - Should You Sell?

Key Points

• Mitsubishi Electric's shares experienced a slight decline of 0.1%, trading at $24.40, with only 236 shares exchanged, indicating a significant drop in trading volume compared to the average.
• The company boasts a market capitalization of $52.39 billion and a PE ratio of 25.96, suggesting stable valuation metrics in the market.
• Mitsubishi Electric operates in various sectors including Infrastructure, Industry Mobility, and Life, developing a wide range of electrical and electronic equipment.

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - ) traded down 0.1% on Thursday . The company traded as low as $24.40 and last traded at $24.40. 236 shares were traded during mid-day trading, a decline of 96% from the average session volume of 5,690 shares. The stock had previously closed at $24.42.

Mitsubishi Electric Stock Performance

The firm has a market capitalization of $52.39 billion, a PE ratio of 25.96 and a beta of 0.63. The firm's 50-day moving average is $21.45 and its 200 day moving average is $19.21.

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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