Mitsubishi Electric (OTCMKTS:MIELY) Stock Price Down 0.1% - Should You Sell?

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) fell 0.1% during mid-day trading on Thursday . The company traded as low as $31.87 and last traded at $31.95. 50,649 shares traded hands during trading, a decline of 27% from the average session volume of 69,784 shares. The stock had previously closed at $31.99.

Mitsubishi Electric Stock Performance

The business has a 50 day simple moving average of $33.71 and a 200-day simple moving average of $32.88. The stock has a market capitalization of $33.67 billion, a P/E ratio of 16.95 and a beta of 0.61.

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.