Free Trial

Mitsubishi Electric (OTCMKTS:MIELY) Shares Gap Down - Time to Sell?

Mitsubishi Electric logo with Industrials background

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $41.70, but opened at $40.30. Mitsubishi Electric shares last traded at $42.00, with a volume of 1,301 shares.

Mitsubishi Electric Trading Up 0.6%

The stock has a market capitalization of $44.30 billion, a PE ratio of 22.30 and a beta of 0.60. The business's 50-day moving average is $40.73 and its two-hundred day moving average is $36.62.

Mitsubishi Electric Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Mitsubishi Electric Right Now?

Before you consider Mitsubishi Electric, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Electric wasn't on the list.

While Mitsubishi Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines