Mitsubishi Electric (OTCMKTS:MIELY) Trading Down 0.4% - Should You Sell?

Key Points

• Mitsubishi Electric Co. shares experienced a slight decline of 0.4%, trading down to $50.69 amid a volume drop of 29% from its average daily trading.
• Analysts have issued a consensus rating of "Hold" for the stock, with CLSA recently upgrading it to this rating.
• The company boasts a market capitalization of $53.56 billion and a PE ratio of 26.96, with its current fifty-day moving average sitting at $50.44.

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report)'s share price was down 0.4% during mid-day trading on Tuesday . The stock traded as low as $49.64 and last traded at $50.69. Approximately 74,976 shares were traded during trading, a decline of 29% from the average daily volume of 104,949 shares. The stock had previously closed at $50.89.

Wall Street Analysts Forecast Growth

Separately, CLSA raised shares of Mitsubishi Electric to a "hold" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Mitsubishi Electric Stock Performance

The firm has a market capitalization of $53.56 billion, a PE ratio of 26.96 and a beta of 0.54. The company's fifty day moving average price is $50.44 and its two-hundred day moving average price is $43.71.

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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