Mitsubishi Electric (OTCMKTS:MIELF) Reaches New 52-Week Low at $9.23

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELFGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.23 and last traded at $9.30, with a volume of 26695 shares. The stock had previously closed at $9.60.

Mitsubishi Electric Stock Performance

The company has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $10.69.

Mitsubishi Electric (OTCMKTS:MIELFGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.08). The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $9 billion.

Mitsubishi Electric Company Profile

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Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, hydraulic 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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