Mitsubishi Electric (OTCMKTS:MIELF) Trading 15.1% Higher - Still a Buy?

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) were up 15.1% during trading on Monday . The stock traded as high as $17.15 and last traded at $17.15. Approximately 1,200 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,721 shares. The stock had previously closed at $14.90.

Mitsubishi Electric Price Performance

The stock's 50 day simple moving average is $16.13 and its two-hundred day simple moving average is $16.38. The stock has a market capitalization of $38.43 billion, a PE ratio of 18.24 and a beta of 0.63.

Mitsubishi Electric Company Profile

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.