Mitsubishi Electric (OTCMKTS:MIELF) Trading 0.7% Higher - Time to Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) shot up 0.7% during trading on Monday . The company traded as high as $21.54 and last traded at $21.00. 1,099 shares changed hands during trading, a decline of 83% from the average session volume of 6,378 shares. The stock had previously closed at $20.85.

Mitsubishi Electric Stock Performance

The firm has a market cap of $44.88 billion, a price-to-earnings ratio of 22.23 and a beta of 0.63. The business's 50 day moving average price is $20.78 and its 200 day moving average price is $18.60.

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.