Mitsubishi Electric (OTCMKTS:MIELY) Stock Price Down 0.5% – Here’s What Happened

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

Mitsubishi Electric Price Performance

The company’s 50 day simple moving average is $34.14 and its 200 day simple moving average is $33.03. The stock has a market cap of $34.99 billion, a P/E ratio of 17.34 and a beta of 0.62.

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.