Mitsubishi Electric (OTCMKTS:MIELF) Stock Price Up 0.7% - Here's What Happened

Key Points

• Mitsubishi Electric's stock increased by 0.7%, reaching a trading price of $27.34, despite a significant drop in trading volume of 84% compared to the average daily volume.
• The company has a market capitalization of $58.70 billion and operates across five segments, offering a diverse range of electrical and electronic equipment globally.
• Mitsubishi Electric's stock has a PE ratio of 29.08 and a low beta of 0.63, indicating lower volatility compared to the broader market.

Mitsubishi Electric Co. (OTCMKTS:MIELF - ) rose 0.7% during trading on Tuesday . The company traded as high as $27.34 and last traded at $27.34. Approximately 713 shares traded hands during trading, a decline of 84% from the average daily volume of 4,592 shares. The stock had previously closed at $27.15.

Mitsubishi Electric Trading Up 0.7%

The business has a 50-day moving average price of $25.17 and a 200 day moving average price of $21.73. The stock has a market cap of $58.70 billion, a PE ratio of 29.08 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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