Mitsubishi Electric (OTCMKTS:MIELF) Shares Up 9.6% – Should You Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELF)’s stock price shot up 9.6% during trading on Monday . The company traded as high as $17.35 and last traded at $17.35. 384 shares were traded during mid-day trading, a decline of 91% from the average session volume of 4,465 shares. The stock had previously closed at $15.83.

Mitsubishi Electric Price Performance

The stock has a market capitalization of $37.25 billion, a P/E ratio of 18.46 and a beta of 0.63. The company’s 50 day simple moving average is $17.07 and its two-hundred day simple moving average is $16.46.

About Mitsubishi Electric

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.