Mitsubishi Electric (OTCMKTS:MIELY) Reaches New 12-Month High - Here's Why

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $44.89 and last traded at $44.89, with a volume of 1498 shares trading hands. The stock had previously closed at $43.69.

Mitsubishi Electric Price Performance

The business has a fifty day moving average price of $41.80 and a two-hundred day moving average price of $37.47. The firm has a market cap of $47.27 billion, a PE ratio of 23.80 and a beta of 0.60.

Mitsubishi Electric Company Profile

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.