How have MIELF shares performed in 2024?

Mitsubishi Electric's stock was trading at $14.4020 on January 1st, 2024. Since then, MIELF shares have increased by 9.0% and is now trading at $15.70. View the best growth stocks for 2024 here .

Are investors shorting Mitsubishi Electric?

Mitsubishi Electric saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,790,300 shares, a decline of 24.1% from the February 29th total of 2,358,900 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 4,475.8 days. View Mitsubishi Electric's Short Interest .

How were Mitsubishi Electric's earnings last quarter?

Mitsubishi Electric Co. (OTCMKTS:MIELF) issued its earnings results on Monday, February, 5th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $8.42 billion for the quarter.

Is Mitsubishi Electric a good dividend stock?

Mitsubishi Electric (OTCMKTS:MIELF) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.53%. The dividend payout ratio is 44.94%. This payout ratio is at a healthy, sustainable level, below 75%.

How do I buy shares of Mitsubishi Electric?

Shares of MIELF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Mitsubishi Electric have any subsidiaries?

The following companies are subsidiares of Mitsubishi Electric: ASTES4, Chiyoda Mitsubishi Electric Co. Ltd., DB Seiko Co. Ltd., FA Tech Co Ltd., ICONICS, KH-Automation Projects GmbH, MELCO Hydronics & IT Cooling S.p.A., Melco Display Technology Inc., Melco Facilities Corporation, Melco Power Device Corporation, Melco Semiconductor Engineering Corporation, Melco Trading (Thailand) Co. Ltd., Meldas System Engineering Corporation, Messung Group, Mitsubishi Electric & Electronics (Shanghai) Co. Ltd., Mitsubishi Electric (Guangzhou) Compressor Co. Ltd., Mitsubishi Electric (H.K.) Ltd., Mitsubishi Electric Air Conditioning & Refrigeration Equipment Sales Co. Ltd., Mitsubishi Electric Air Conditioning & Refrigeration Systems Co. Ltd., Mitsubishi Electric Air Conditioning Systems Europe Ltd., Mitsubishi Electric Air-Conditioning & Visual Information Systems (Shanghai) Ltd., Mitsubishi Electric Asia Pte. Ltd., Mitsubishi Electric Australia Pty. Ltd., Mitsubishi Electric Automation (Hong Kong) Ltd., Mitsubishi Electric Automation Korea Co. Ltd., Mitsubishi Electric Automation Manufacturing (Changshu) Co. Ltd., Mitsubishi Electric Automotive (China) Co. Ltd., Mitsubishi Electric Automotive America Inc., Mitsubishi Electric Automotive Czech s.r.o., Mitsubishi Electric Automotive de Mexico S.A. de C.V., Mitsubishi Electric Building Techno-Service Co. Ltd., Mitsubishi Electric Business Systems Co. Ltd., Mitsubishi Electric Consumer Products (Thailand) Co. Ltd., Mitsubishi Electric Control Panel Corporation, Mitsubishi Electric Control Software Corporation, Mitsubishi Electric Dalian Industrial Products Co. Ltd., Mitsubishi Electric Engineering Co. Ltd., Mitsubishi Electric Europe B.V., Mitsubishi Electric Home Appliance Co. Ltd., Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A., Mitsubishi Electric Information Network Corporation, Mitsubishi Electric Information Systems Corporation, Mitsubishi Electric Kang Yong Watana Co. Ltd., Mitsubishi Electric Klimat Transportation Systems S.p.A, Mitsubishi Electric Life Network Co. Ltd., Mitsubishi Electric Life Service Corporation, Mitsubishi Electric Lighting Corporation, Mitsubishi Electric Living Environment Systems Corporation, Mitsubishi Electric Logistics Corporation, Mitsubishi Electric Mechatronics Engineering Corporation, Mitsubishi Electric Mechatronics Software Corporation, Mitsubishi Electric Micro-Computer Application Software Co. Ltd., Mitsubishi Electric Plant Engineering Corporation, Mitsubishi Electric Power Products Inc., Mitsubishi Electric Shanghai Electric Elevator Co. Ltd., Mitsubishi Electric System & Service Co. Ltd., Mitsubishi Electric TOKKI Systems Corporation, Mitsubishi Electric Taiwan Co. Ltd., Mitsubishi Electric Thai Auto-Parts Co. Ltd., Mitsubishi Electric Trading Corporation, Mitsubishi Electric US Inc., Mitsubishi Elevator (Thailand) Co. Ltd., Mitsubishi Elevator Asia Co. Ltd., Mitsubishi Elevator Hong Kong Co. Ltd., Mitsubishi Elevator Korea Co. Ltd., Mitsubishi Precision Co. Ltd., Mitsubishi Space Software Co. Ltd., Powerex, RYO-SA BUILWARE Co. Ltd., Ryoden Elevator Construction Ltd., Ryoko Co. Ltd., Ryowa Corporation, SETSUYO ENTERPRISE CO. LTD., SPC Electronics Corporation, Setsuyo Astec Corp., Setsuyo Astec Corporation, Shanghai Mitsubishi Electric & Shangling Air-Conditioner and Electric Appliance Co. Ltd., Siam Compressor Industry Co. Ltd., Tada Electric Co. Ltd., Taiwan Mitsubishi Elevator Co. Ltd., The Kodensha Co. Ltd., Toyo Electric Corporation, Vincotech Holdings S.a.r.l., Vincotech Holdings S.à r.l., and iPLANET Inc.. Read More

OTCMKTS:MIELF

Mitsubishi Electric (MIELF) Stock Price, News & Analysis

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$15.70

-0.51 (-3.15%)

(As of 04/17/2024 ET)

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Today's Range: $15.70
▼
$15.70
50-Day Range: $14.02
▼
$16.92
52-Week Range: $10.99
▼
$16.92

Volume: 1,129 shs
Average Volume: 721 shs
Market Capitalization: $33.71 billion

P/E Ratio: 17.64
Dividend Yield: 2.55%
Price Target: N/A

Stock Analysis Chart Earnings Headlines Short Interest

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About Mitsubishi Electric Stock (OTCMKTS:MIELF)

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. 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, large 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. The company also provides programmable logic controllers, inverters, servomotors, hoists, magnetic switches, circuit breakers, time and power meters, uninterruptible power supply, industrial fans, computerized numerical controllers, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, electric powertrain systems, car electronics and mechatronics, and others. In addition, it offers satellite communications and radar equipment, satellites, antennas, missile and fire control systems, broadcasting and information systems equipment, network security systems, and systems integration products; and power modules, and power modules, optical and LCD devices, and others. Further, the company provides air conditioners, chillers, showcases, compressors, refrigeration units, air-to-water heat pump boilers, ventilators, hot water supply systems, IH cooking heaters, LED bulbs, indoor lighting, LCD televisions, refrigerators, electric fans, dehumidifiers, air purifiers, vacuum cleaners, jar rice cookers, microwave ovens, and others. Additionally, it offers procurement, logistics, real estate, advertising, finance, and other services. The company was incorporated in 1921 and is headquartered in Tokyo, Japan.

MIELF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MIELF Stock News Headlines

April 2, 2024 | seekingalpha.com

Hammond Power Solutions: Strong Q4 2023 Results But Dark Clouds On The Horizon (Rating Downgrade)

April 1, 2024 | finance.yahoo.com

Mitsubishi Electric Announces Conclusion of Company Stock Repurchase

April 17, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 30, 2024 | msn.com

Nissan and Mitsubishi to Partner on a New EV and Pickup Truck for the U.S.

March 18, 2024 | msn.com

Nissan and Mitsubishi eye mobility

February 28, 2024 | morningstar.com

Mitsubishi Electric Corp 6503

February 24, 2024 | msn.com

Mitsubishi Electric Corporation - Depositary Receipt () (MIELY) Price Target Increased by 6.44% to 32.87

February 24, 2024 | msn.com

Mitsubishi Electric (MIELF) Price Target Increased by 7.49% to 16.79

April 17, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

February 18, 2024 | msn.com

Mitsubishi: Emissions standards can’t forget about ‘middle Australia’

February 6, 2024 | finance.yahoo.com

Mitsubishi Electric Selects BlackBerry to Power its New In-Vehicle System

February 5, 2024 | msn.com

Mitsubishi Electric reports nine months results; reaffirms FY24 guidance

January 30, 2024 | investing.com

Mitsubishi Electric Corp (6503)

January 24, 2024 | finance.yahoo.com

Smart Lander for Investigating Moon "SLIM" Touches Down on Moon

January 23, 2024 | finance.yahoo.com

Mitsubishi Electric to Release J3-Series SiC and Si Power Module Samples

January 17, 2024 | msn.com

Mitsubishi and Northrop Grumman integrate Japan’s air defence systems

January 10, 2024 | finance.yahoo.com

Mitsubishi Electric J1 Series Power Semiconductor Modules Optimizes Electric Motorcycle Performance

January 10, 2024 | finance.yahoo.com

Mitsubishi Electric America Foundation Senior Director Kevin Webb Appointed to Consumer Technology Association Foundation Board

January 9, 2024 | finance.yahoo.com

Mitsubishi Electric to Support Earthquake Relief in Noto Peninsula

January 9, 2024 | tmcnet.com

Mitsubishi Electric Highlights Purpose and Core Strategy to Advance a Global, Vibrant and Sustainable Smart Society at CES 2024

December 18, 2023 | finance.yahoo.com

Mitsubishi Electric to Showcase Sustainable Smart Society at CES 2024

December 15, 2023 | seekingalpha.com

MIELF Mitsubishi Electric Corporation

December 11, 2023 | finance.yahoo.com

Update on Disclosed Matter: Mitsubishi Electric and Mitsubishi Heavy Industries Execute Contract for Absorption-type Company Split to Integrate Power-generator Systems Businesses

December 10, 2023 | finance.yahoo.com

Mitsubishi Electric and TXOne Networks to Cooperate in Mutual Expansion of OT Security Businesses

December 8, 2023 | finance.yahoo.com

Mitsubishi Electric, ME Innovation Fund Invests in Hayden AI Technologies, Inc.

December 7, 2023 | finance.yahoo.com

Mitsubishi Electric Sets Terms & Conditions for Issuing First Green Bonds

December 4, 2023 | finance.yahoo.com

Mitsubishi Electric Develops World’s First Penetration-test Support Tool that Generates Attack Scenarios from Hacker Perspectives

See More Headlines

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Company Calendar

Last Earnings: 2/05/2024
Today: 4/17/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Industrials
Industry: Electrical Equipment & Parts
Sub-Industry: N/A
Current Symbol: OTCMKTS:MIELF
CUSIP: N/A
CIK: N/A
Web: www.mitsubishielectric.com
Phone: (133) 218-2111
Fax: N/A
Employees: 149,655
Year Founded: 1921

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 17.64
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 2,147,200,000
Free Float: N/A
Market Cap: $33.71 billion
Optionable: Not Optionable
Beta: 0.65

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Key Executives

Mr. Kei Uruma (Age 65)
Representative Executive Officer, President, CEO & Director
Comp: $1.06M
Mr. Tadashi Matsumoto (Age 66)
Representative Executive Officer and Executive VP Life Business Area Owner & Export Control
Comp: $489.52k
Mr. Kuniaki Masuda (Age 60)
Executive Officer, CFO & Director
Mr. Kunihiko Kaga (Age 60)
Representative Executive Officer, Senior VP of Industry & Mobility Business Area Owner & CTO
Eiichiro Mitani (Age 63)
Executive Officer, CIO, Group President of Information Systems & Network Service
Mr. Yoji Saito (Age 64)
CMO & Executive Officer
Yasunari Abe (Age 58)
Executive Officer & CHRO
Atsuhiro Yabu (Age 64)
Group President of Automotive Equipment & Executive Officer
Mr. Satoshi Kusakabe (Age 64)
Executive Officer & Chief Risk Management Officer
Tomonori Sato (Age 57)
Executive Officer & Group President of Defense and Space Systems

Key Competitors

View All Competitors

Should I Buy Mitsubishi Electric Stock? MIELF Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Mitsubishi Electric Co.:

Mitsubishi Electric Corporation is actively restructuring its business, such as transferring its automotive-equipment business to a newly incorporated subsidiary. This strategic move can potentially streamline operations and enhance focus on core areas, leading to improved efficiency and profitability.
With a diverse product portfolio spanning from electrical equipment to air conditioners and consumer electronics, Mitsubishi Electric Co. has exposure to multiple sectors, which can help mitigate risks associated with relying solely on one industry.
Recent developments indicate a forward-thinking approach by the company, adapting to market changes and optimizing its business structure to remain competitive in the evolving landscape of technology and manufacturing.
Investors may find value in Mitsubishi Electric Co.'s long-standing history since its incorporation in 1921, showcasing stability and experience in the industry.
Considering the current stock price and potential growth prospects based on the company's strategic initiatives, investors could see Mitsubishi Electric Co. as an attractive investment opportunity.

Cons

Investors should be bearish about investing in Mitsubishi Electric Co. for these reasons:

Despite the restructuring efforts, there may be uncertainties and challenges associated with the transition of business segments, potentially leading to short-term disruptions or costs that could impact financial performance.
Fluctuations in global economic conditions and market demand for electrical equipment and consumer products could pose risks to Mitsubishi Electric Co.'s revenue and profitability.
Competitive pressures in the industry from both traditional players and emerging technologies may require continuous innovation and investment, which could strain the company's resources and margins.
Investors should carefully monitor any regulatory changes or geopolitical events that could affect Mitsubishi Electric Co.'s operations, supply chain, or market access, introducing additional risks to the investment.
Market volatility and macroeconomic factors could influence the stock price of Mitsubishi Electric Co., requiring investors to assess their risk tolerance and investment horizon before considering this opportunity.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Mitsubishi Electric pros and cons to contact@marketbeat.com.

MIELF Stock Analysis - Frequently Asked Questions

How have MIELF shares performed in 2024?: Mitsubishi Electric's stock was trading at $14.4020 on January 1st, 2024. Since then, MIELF shares have increased by 9.0% and is now trading at $15.70.
View the best growth stocks for 2024 here.
Are investors shorting Mitsubishi Electric?: Mitsubishi Electric saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,790,300 shares, a decline of 24.1% from the February 29th total of 2,358,900 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is currently 4,475.8 days.
View Mitsubishi Electric's Short Interest.
How were Mitsubishi Electric's earnings last quarter?: Mitsubishi Electric Co. (OTCMKTS:MIELF) issued its earnings results on Monday, February, 5th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $8.42 billion for the quarter.
Is Mitsubishi Electric a good dividend stock?: Mitsubishi Electric (OTCMKTS:MIELF) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.53%. The dividend payout ratio is 44.94%. This payout ratio is at a healthy, sustainable level, below 75%.

How do I buy shares of Mitsubishi Electric?: Shares of MIELF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Mitsubishi Electric have any subsidiaries?: The following companies are subsidiares of Mitsubishi Electric: ASTES4, Chiyoda Mitsubishi Electric Co. Ltd., DB Seiko Co. Ltd., FA Tech Co Ltd., ICONICS, KH-Automation Projects GmbH, MELCO Hydronics & IT Cooling S.p.A., Melco Display Technology Inc., Melco Facilities Corporation, Melco Power Device Corporation, Melco Semiconductor Engineering Corporation, Melco Trading (Thailand) Co. Ltd., Meldas System Engineering Corporation, Messung Group, Mitsubishi Electric & Electronics (Shanghai) Co. Ltd., Mitsubishi Electric (Guangzhou) Compressor Co. Ltd., Mitsubishi Electric (H.K.) Ltd., Mitsubishi Electric Air Conditioning & Refrigeration Equipment Sales Co. Ltd., Mitsubishi Electric Air Conditioning & Refrigeration Systems Co. Ltd., Mitsubishi Electric Air Conditioning Systems Europe Ltd., Mitsubishi Electric Air-Conditioning & Visual Information Systems (Shanghai) Ltd., Mitsubishi Electric Asia Pte. Ltd., Mitsubishi Electric Australia Pty. Ltd., Mitsubishi Electric Automation (Hong Kong) Ltd., Mitsubishi Electric Automation Korea Co. Ltd., Mitsubishi Electric Automation Manufacturing (Changshu) Co. Ltd., Mitsubishi Electric Automotive (China) Co. Ltd., Mitsubishi Electric Automotive America Inc., Mitsubishi Electric Automotive Czech s.r.o., Mitsubishi Electric Automotive de Mexico S.A. de C.V., Mitsubishi Electric Building Techno-Service Co. Ltd., Mitsubishi Electric Business Systems Co. Ltd., Mitsubishi Electric Consumer Products (Thailand) Co. Ltd., Mitsubishi Electric Control Panel Corporation, Mitsubishi Electric Control Software Corporation, Mitsubishi Electric Dalian Industrial Products Co. Ltd., Mitsubishi Electric Engineering Co. Ltd., Mitsubishi Electric Europe B.V., Mitsubishi Electric Home Appliance Co. Ltd., Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A., Mitsubishi Electric Information Network Corporation, Mitsubishi Electric Information Systems Corporation, Mitsubishi Electric Kang Yong Watana Co. Ltd., Mitsubishi Electric Klimat Transportation Systems S.p.A, Mitsubishi Electric Life Network Co. Ltd., Mitsubishi Electric Life Service Corporation, Mitsubishi Electric Lighting Corporation, Mitsubishi Electric Living Environment Systems Corporation, Mitsubishi Electric Logistics Corporation, Mitsubishi Electric Mechatronics Engineering Corporation, Mitsubishi Electric Mechatronics Software Corporation, Mitsubishi Electric Micro-Computer Application Software Co. Ltd., Mitsubishi Electric Plant Engineering Corporation, Mitsubishi Electric Power Products Inc., Mitsubishi Electric Shanghai Electric Elevator Co. Ltd., Mitsubishi Electric System & Service Co. Ltd., Mitsubishi Electric TOKKI Systems Corporation, Mitsubishi Electric Taiwan Co. Ltd., Mitsubishi Electric Thai Auto-Parts Co. Ltd., Mitsubishi Electric Trading Corporation, Mitsubishi Electric US Inc., Mitsubishi Elevator (Thailand) Co. Ltd., Mitsubishi Elevator Asia Co. Ltd., Mitsubishi Elevator Hong Kong Co. Ltd., Mitsubishi Elevator Korea Co. Ltd., Mitsubishi Precision Co. Ltd., Mitsubishi Space Software Co. Ltd., Powerex, RYO-SA BUILWARE Co. Ltd., Ryoden Elevator Construction Ltd., Ryoko Co. Ltd., Ryowa Corporation, SETSUYO ENTERPRISE CO. LTD., SPC Electronics Corporation, Setsuyo Astec Corp., Setsuyo Astec Corporation, Shanghai Mitsubishi Electric & Shangling Air-Conditioner and Electric Appliance Co. Ltd., Siam Compressor Industry Co. Ltd., Tada Electric Co. Ltd., Taiwan Mitsubishi Elevator Co. Ltd., The Kodensha Co. Ltd., Toyo Electric Corporation, Vincotech Holdings S.a.r.l., Vincotech Holdings S.à r.l., and iPLANET Inc..
Read More

This page (OTCMKTS:MIELF) was last updated on 4/17/2024 by MarketBeat.com Staff

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