Mitsubishi Electric (OTCMKTS:MIELF) Hits New 52-Week High – Still a Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELFGet Free Report)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $29.7180 and last traded at $29.2650, with a volume of 1100 shares traded. The stock had previously closed at $26.95.

Mitsubishi Electric Stock Performance

The firm has a market capitalization of $62.84 billion, a price-to-earnings ratio of 31.13 and a beta of 0.63. The firm’s 50-day moving average price is $27.21 and its two-hundred day moving average price is $24.32.

Mitsubishi Electric Company Profile

(Get Free Report)

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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