Mitsubishi Electric (OTCMKTS:MIELF) Stock Price Up 2.7%

Mitsubishi Electric Co. (OTCMKTS:MIELF)’s share price rose 2.7% on Wednesday . The stock traded as high as $17.15 and last traded at $17.15. Approximately 516 shares changed hands during trading, a decline of 54% from the average daily volume of 1,112 shares. The stock had previously closed at $16.69.

Mitsubishi Electric Price Performance

The business has a fifty day moving average of $17.24 and a 200-day moving average of $16.02. The stock has a market cap of $36.82 billion, a PE ratio of 18.24 and a beta of 0.65.

Mitsubishi Electric (OTCMKTS:MIELF) last issued its earnings results on Friday, April 26th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $9.94 billion for the quarter.

Mitsubishi Electric Company Profile

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.