Shares of Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $40.89, but opened at $43.10. Mitsubishi Electric shares last traded at $41.43, with a volume of 3,893 shares trading hands.
Mitsubishi Electric Stock Performance
The company's fifty day moving average is $39.50 and its two-hundred day moving average is $36.04. The firm has a market cap of $43.83 billion, a price-to-earnings ratio of 22.06 and a beta of 0.59.
About Mitsubishi Electric
(
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
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
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.
Link copied to clipboard.
