Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up – Should You Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $35.4610, but opened at $36.6420. Mitsubishi Chemical shares last traded at $36.6420, with a volume of 1,766 shares trading hands.

Mitsubishi Chemical Price Performance

The stock has a fifty day moving average price of $37.03 and a 200-day moving average price of $34.24. The firm has a market cap of $10.56 billion, a PE ratio of 19.91 and a beta of 0.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.57.

Mitsubishi Chemical (OTCMKTS:MTLHY – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.33 EPS for the quarter. The business had revenue of $6.30 billion during the quarter.

About Mitsubishi Chemical

(Get Free Report)

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.

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