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Mitsubishi Chemical Group (OTCMKTS:MTLHY) Stock Crosses Below 50 Day Moving Average - Here's Why

Mitsubishi Chemical Group logo with Basic Materials background

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.55 and traded as low as $24.50. Mitsubishi Chemical Group shares last traded at $24.53, with a volume of 656 shares traded.

Mitsubishi Chemical Group Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.82. The firm has a market capitalization of $6.97 billion, a PE ratio of 14.24 and a beta of 0.52. The firm has a fifty day moving average price of $24.42 and a 200 day moving average price of $25.54.

Mitsubishi Chemical Group (OTCMKTS:MTLHY - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.43 earnings per share (EPS) for the quarter. Mitsubishi Chemical Group had a return on equity of 3.18% and a net margin of 1.66%.

About Mitsubishi Chemical Group

(Get Free Report)

Mitsubishi Chemical Group Corporation provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally. It operates in five segments: Specialty Materials, Industrial Gases, Health Care, MMA, and Basic Materials. The Specialty Materials segment offers performance polymers, soarnol, gohsenol, sustainable polymers, and engineering plastics; coating materials, additives, and fines; packaging, industrial and medical, acetyl, and polyester films; engineering shapes and solutions, carbon fiber and composite materials, and fibers; aqua, life, and infrastructure solutions; and semiconductor, electronics, and battery materials.

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