Mitsubishi Electric (OTCMKTS:MIELF) Trading 2.7% Higher

Mitsubishi Electric Co. (OTCMKTS:MIELF)’s stock price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as $17.15 and last traded at $17.15. 516 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,112 shares. The stock had previously closed at $16.69.

Mitsubishi Electric Price Performance

The firm has a market cap of $36.82 billion, a price-to-earnings ratio of 18.24 and a beta of 0.65. The business has a 50 day moving average of $17.24 and a 200 day moving average of $16.02.

Mitsubishi Electric (OTCMKTS:MIELF) last released its quarterly earnings results on Friday, April 26th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $9.94 billion for the quarter.

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.