Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Down – What’s Next?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $36.2095, but opened at $30.45. Mitsubishi Chemical shares last traded at $30.45, with a volume of 305 shares trading hands.

Mitsubishi Chemical Stock Down 14.6%

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 1.03. The firm has a market capitalization of $8.78 billion, a P/E ratio of 16.55 and a beta of 0.77. The business has a 50 day moving average price of $36.41 and a 200 day moving average price of $33.91.

Mitsubishi Chemical (OTCMKTS:MTLHY) last announced its earnings results on Thursday, November 5th. The company reported $0.75 earnings per share for the quarter.

Mitsubishi Chemical Company Profile

Mitsubishi Chemical Group Corp. is a Japan-based chemical and materials company whose businesses serve industrial, healthcare, electronics, automotive, packaging, and consumer markets. The group develops and manufactures performance products, specialty chemicals, polymers, films, composite materials, and other advanced materials designed to support applications ranging from mobility and electronics to food packaging and infrastructure.

Its portfolio includes high-performance resins and engineering plastics, carbon fiber and composite materials, industrial films, coatings, adhesives, synthetic fibers, and materials used in semiconductor and display manufacturing.