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Mitsubishi Electric (OTCMKTS:MIELF) Hits New 1-Year High - Time to Buy?

Mitsubishi Electric logo with Industrials background
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Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $19.98 and last traded at $19.98, with a volume of 2560 shares traded. The stock had previously closed at $18.20.

Mitsubishi Electric Stock Performance

The company has a market cap of $42.41 billion, a PE ratio of 21.01 and a beta of 0.63. The stock's 50-day simple moving average is $16.63 and its 200 day simple moving average is $16.72.

About Mitsubishi Electric

(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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