Mitsubishi Electric (OTCMKTS:MIELY) Shares Down 0.2%

Mitsubishi Electric Co. (OTCMKTS:MIELY)’s share price traded down 0.2% during mid-day trading on Monday . The stock traded as low as $25.83 and last traded at $25.88. 21,200 shares traded hands during trading, a decline of 52% from the average session volume of 44,583 shares. The stock had previously closed at $25.94.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho downgraded shares of Mitsubishi Electric from a “buy” rating to a “neutral” rating in a research note on Monday, May 22nd. The Goldman Sachs Group raised shares of Mitsubishi Electric from a “sell” rating to a “buy” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Mitsubishi Electric currently has an average rating of “Hold”.

Mitsubishi Electric Price Performance

The company’s 50-day moving average price is $27.13 and its two-hundred day moving average price is $25.69.

About Mitsubishi Electric

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.