Mitsubishi Electric (OTCMKTS:MIELY) Shares Down 0.5% – Should You Sell?

Mitsubishi Electric Co. (OTCMKTS:MIELY) dropped 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 changed 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 Down 0.5 %

The firm has a 50-day simple moving average of $32.74 and a 200 day simple moving average of $33.16. The company has a market cap of $37.63 billion, a price-to-earnings ratio of 18.64 and a beta of 0.62.

Mitsubishi Electric Company Profile

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.