Mitsubishi Electric (OTCMKTS:MIELF) Trading Down 2.7% – Here’s What Happened

Mitsubishi Electric Co. (OTCMKTS:MIELF)’s share price was down 2.7% on Monday . The company traded as low as $16.20 and last traded at $16.50. Approximately 5,902 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 1,781 shares. The stock had previously closed at $16.95.

Mitsubishi Electric Stock Performance

The business’s fifty day moving average price is $15.85 and its two-hundred day moving average price is $16.40. The stock has a market capitalization of $34.56 billion, a P/E ratio of 17.13 and a beta of 0.63.

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.