Mitsubishi Electric (OTCMKTS:MIELY) Hits New 1-Year High - Here's Why

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $44.04 and last traded at $43.61, with a volume of 950253 shares trading hands. The stock had previously closed at $41.89.

Mitsubishi Electric Price Performance

The stock has a market capitalization of $42.03 billion, a price-to-earnings ratio of 21.16 and a beta of 0.59. The stock's 50 day simple moving average is $37.76 and its 200-day simple moving average is $35.28.

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.