Mitsubishi Electric (OTCMKTS:MIELF) Trading 9.6% Higher – Still a Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELF) shares shot up 9.6% during mid-day trading on Monday . The company traded as high as $17.35 and last traded at $17.35. 384 shares were traded during trading, a decline of 91% from the average session volume of 4,465 shares. The stock had previously closed at $15.83.

Mitsubishi Electric Stock Down 1.7 %

The firm has a market cap of $36.61 billion, a PE ratio of 18.14 and a beta of 0.63. The business has a 50 day simple moving average of $17.05 and a two-hundred day simple moving average of $16.46.

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.