Mitsubishi Electric (OTCMKTS:MIELY) Sets New 12-Month High - Should You Buy?

Key Points

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Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $46.69 and last traded at $46.52, with a volume of 7013 shares traded. The stock had previously closed at $43.66.

Mitsubishi Electric Price Performance

The company has a market cap of $49.12 billion, a price-to-earnings ratio of 24.73 and a beta of 0.60. The stock has a 50-day moving average price of $42.21 and a 200 day moving average price of $37.85.

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.