Mitsubishi Electric (OTCMKTS:MIELY) Shares Gap Up - Should You Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $41.56, but opened at $43.26. Mitsubishi Electric shares last traded at $41.47, with a volume of 1,041 shares trading hands.

Mitsubishi Electric Stock Up 0.7%

The company's fifty day moving average is $41.06 and its two-hundred day moving average is $36.90. The stock has a market cap of $44.30 billion, a price-to-earnings ratio of 22.30 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.