|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,428.16 - 1,438.56|
|52-week range||1,424.50 - 1,806.55|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||15.86|
|Forward dividend & yield||36.00 (2.10%)|
|Ex-dividend date||30 Mar 2021|
|1y target est||N/A|
Mitsubishi Electric Corporation (MIELF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Mitsubishi Electric (MIELF) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Mitsubishi Electric's CEO said he will step down to take responsibility for "three decades of systematic deceit" during which the Japanese firm falsified inspection data for air conditioners and brake compressors used in trains. The admission by Mitsubishi, whose products range from air conditioners and vacuum cleaners to industrial printers and satellites, further dents Japan's reputation for high-quality manufacturing, already tarnished by other cases of companies falsifying or covering up test data. "I am shocked by this," Takeshi Sugiyama told a news conference, at which he apologised for the falsification and promised to appoint a successor as early as this month once he had helped coordinate the company's response to the problem.