Mitsubishi Electric (OTCMKTS:MIELY) Trading Down 0.5% – Should You Sell?

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELY) traded down 0.5% during mid-day trading on Thursday . The stock traded as low as $32.12 and last traded at $32.59. 150,173 shares traded hands during trading, an increase of 115% from the average session volume of 69,687 shares. The stock had previously closed at $32.75.

Mitsubishi Electric Stock Performance

The company has a market cap of $35.15 billion, a P/E ratio of 17.41 and a beta of 0.62. The stock has a 50 day moving average price of $34.00 and a 200 day moving average price of $33.04.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.