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

Key Points

• Mitsubishi Electric's shares gapped up before trading on Wednesday, opening at $26.84 after a previous close of $25.03.
• The stock experienced a gain of 7.2% and currently has a market cap of $57.63 billion, along with a P/E ratio of 28.55.
• Mitsubishi Electric operates globally in various sectors, offering a wide range of electrical and electronic equipment across five business segments.

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - ) gapped up prior to trading on Wednesday . The stock had previously closed at $25.03, but opened at $26.84. Mitsubishi Electric shares last traded at $26.84, with a volume of 336 shares.

Mitsubishi Electric Stock Up 7.2%

The stock has a market cap of $57.63 billion, a P/E ratio of 28.55 and a beta of 0.63. The business has a 50 day moving average price of $25.49 and a 200 day moving average price of $21.98.

Mitsubishi Electric Company Profile

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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