Mitsubishi Electric (OTCMKTS:MIELF) Stock Price Down 7.7% - Here's What Happened

Key Points

• Mitsubishi Electric's stock price fell by 7.7% to $24.57 during mid-day trading.
• The stock experienced a trading volume that was 44% higher than its average daily volume.
• Mitsubishi Electric has a market capitalization of $52.76 billion and a PE ratio of 26.14.

Mitsubishi Electric Co. (OTCMKTS:MIELF - )'s share price was down 7.7% during mid-day trading on Wednesday . The company traded as low as $24.57 and last traded at $24.57. Approximately 7,225 shares changed hands during trading, an increase of 44% from the average daily volume of 5,007 shares. The stock had previously closed at $26.63.

Mitsubishi Electric Stock Performance

The stock's 50-day simple moving average is $23.71 and its 200-day simple moving average is $20.94. The firm has a market capitalization of $52.76 billion, a PE ratio of 26.14 and a beta of 0.63.

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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