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Mitsubishi Electric (OTCMKTS:MIELF) Shares Gap Up - Time to Buy?

Mitsubishi Electric logo with Industrials background

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $21.11, but opened at $22.17. Mitsubishi Electric shares last traded at $22.17, with a volume of 451 shares changing hands.

Mitsubishi Electric Price Performance

The stock has a market cap of $45.09 billion, a P/E ratio of 22.34 and a beta of 0.63. The company's 50 day simple moving average is $20.68 and its 200 day simple moving average is $18.54.

Mitsubishi Electric Company Profile

(Get Free Report)

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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