Mitsubishi Electric (OTCMKTS:MIELF) Shares Up 2.7%

Mitsubishi Electric Co. (OTCMKTS:MIELFGet Free Report) traded up 2.7% during mid-day trading on Wednesday . The company traded as high as $17.15 and last traded at $17.15. 516 shares changed 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 Stock Up 2.7 %

The firm has a 50-day simple moving average of $17.21 and a 200 day simple moving average of $16.02. The company has a market cap of $36.82 billion, a price-to-earnings ratio of 18.24 and a beta of 0.65.

Mitsubishi Electric (OTCMKTS:MIELFGet Free Report) last announced its earnings results on Friday, April 26th. The company reported $0.32 EPS for the quarter. The business had revenue of $9.94 billion during the quarter.

Mitsubishi Electric Company Profile

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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.

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