Mitsubishi Electric (OTCMKTS:MIELY) Sets New 52-Week High - Still a Buy?

Key Points

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

Mitsubishi Electric Trading Up 1.2%

The business's fifty day simple moving average is $42.21 and its 200-day simple moving average is $37.93. The firm has a market cap of $49.73 billion, a P/E ratio of 25.04 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: 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.