Mitsubishi Electric (OTCMKTS:MIELY) Stock Price Up 1.5% - Here's What Happened

Key Points

• Mitsubishi Electric's share price increased by 1.5%, reaching a trading value of $47.20 on Monday, although trading volume was significantly lower than average.
• The company's market capitalization stands at $49.87 billion, with a price-to-earnings ratio of 25.11 and a beta of 0.63.
• Mitsubishi Electric operates in various segments, including infrastructure, industry mobility, and semiconductor systems, offering a range of electrical and electronic equipment worldwide.

Mitsubishi Electric Co. (OTCMKTS:MIELY - )'s share price rose 1.5% during mid-day trading on Monday . The stock traded as high as $47.20 and last traded at $47.20. Approximately 41,989 shares changed hands during trading, a decline of 65% from the average daily volume of 120,055 shares. The stock had previously closed at $46.49.

Mitsubishi Electric Trading Up 1.5%

The firm has a market capitalization of $49.87 billion, a price-to-earnings ratio of 25.11 and a beta of 0.63. The company has a fifty day moving average price of $42.32 and a 200-day moving average price of $38.03.

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.

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