Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) were down 7.4% on Monday . The stock traded as low as $17.13 and last traded at $17.13. Approximately 741 shares were traded during trading, a decline of 86% from the average daily volume of 5,399 shares. The stock had previously closed at $18.50.
Mitsubishi Electric Stock Down 7.4 %
The company has a market capitalization of $36.78 billion, a P/E ratio of 18.22 and a beta of 0.63. The firm has a fifty day simple moving average of $17.63 and a 200-day simple moving average of $17.16.
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.
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