Mitsubishi Electric (OTCMKTS:MIELY) Shares Up 1.5% - Still a Buy?

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 - Get Free Report) rose 1.5% during mid-day trading on Monday . The company traded as high as $47.20 and last traded at $47.20. Approximately 41,989 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 120,055 shares. The stock had previously closed at $46.49.

Analysts Set New Price Targets

Separately, CLSA upgraded shares of Mitsubishi Electric to a "hold" rating in a research report on Monday.

Mitsubishi Electric Price Performance

The stock has a 50-day moving average of $42.74 and a 200-day moving average of $38.28. The firm has a market cap of $52.06 billion, a price-to-earnings ratio of 26.21 and a beta of 0.63.

About Mitsubishi Electric

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.