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

Mitsubishi Electric Co. (OTCMKTS:MIELY)’s share price was down 0.5% during mid-day trading on Friday . The stock traded as low as $34.89 and last traded at $35.05. Approximately 78,079 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 76,025 shares. The stock had previously closed at $35.21.

Mitsubishi Electric Stock Performance

The company has a market cap of $37.63 billion, a PE ratio of 18.64 and a beta of 0.62. The company has a 50 day simple moving average of $32.82 and a two-hundred day simple moving average of $33.18.

About Mitsubishi Electric

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.