Mitsubishi Electric (OTCMKTS:MIELF) Shares Gap Down - Here's Why

Key Points

• Mitsubishi Electric shares experienced a significant decline, opening at $24.34 after closing the previous day at $25.13.
• The company's current market capitalization stands at $52.27 billion, with a P/E ratio of 25.90.
• Mitsubishi Electric operates through five main segments, providing a wide range of electrical and electronic equipment globally.

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - ) gapped down before the market opened on Monday . The stock had previously closed at $25.13, but opened at $24.34. Mitsubishi Electric shares last traded at $24.34, with a volume of 2,885 shares trading hands.

Mitsubishi Electric Trading Down 3.1%

The stock has a market capitalization of $52.27 billion, a P/E ratio of 25.90 and a beta of 0.63. The company has a 50-day moving average price of $21.87 and a 200 day moving average price of $19.59.

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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