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Mitsubishi Electric (OTCMKTS:MIELY) Shares Gap Up - Still a Buy?

Mitsubishi Electric logo with Industrials background

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) 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 Price Performance

The business has a 50 day moving average of $41.17 and a 200 day moving average of $36.97. The firm has a market capitalization of $44.32 billion, a price-to-earnings ratio of 22.31 and a beta of 0.60.

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.

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