Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up – Time to Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $37.05, but opened at $39.0520. Mitsubishi Chemical shares last traded at $39.0520, with a volume of 1,291 shares trading hands.

Mitsubishi Chemical Stock Performance

The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 21.22 and a beta of 0.64. The company has a 50-day moving average price of $36.84 and a 200-day moving average price of $33.75. The company has a quick ratio of 1.03, a current ratio of 1.57 and a debt-to-equity ratio of 0.60.

Mitsubishi Chemical (OTCMKTS:MTLHY) last announced its earnings results on Friday, July 31st. The company reported $1.33 earnings per share for the quarter. The business had revenue of $6.30 billion for the quarter.

Mitsubishi Chemical Company Profile

Mitsubishi Chemical Group Corp. is a Japan-based chemical company that develops, manufactures and sells a broad range of specialty chemicals, performance materials and industrial products. Its offerings are used in sectors such as automotive, electronics, packaging, construction, healthcare, food and agriculture.

The company’s products include engineering plastics, composite materials, films, coatings, adhesives, carbon and fiber-based materials, performance polymers and other advanced materials.