Mitsubishi Electric (OTCMKTS:MIELY) Sets New 12-Month High - What's Next?

Key Points

• Mitsubishi Electric shares reached a new 52-week high of $47.62 during trading, closing at $47.36 with a volume of 31,751 shares.
• The company has a market capitalization of $50.04 billion and a price-to-earnings (PE) ratio of 25.19.
• Mitsubishi Electric operates across several segments, including Infrastructure, Industry Mobility, and Semiconductors, providing a diverse range of electrical and electronic equipment.

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.62 and last traded at $47.36, with a volume of 31751 shares. The stock had previously closed at $47.20.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded Mitsubishi Electric to a "hold" rating in a report on Monday, August 4th.

Mitsubishi Electric Price Performance

The firm has a market capitalization of $52.04 billion, a P/E ratio of 26.20 and a beta of 0.63. The stock has a fifty day simple moving average of $42.93 and a two-hundred day simple moving average of $38.42.

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.