Mitsubishi Chemical (OTCMKTS:MTLHY) Sees Strong Trading Volume - Here's Why

Key Points

• Mitsubishi Chemical experienced a significant increase in trading volume, with around 5,173 shares traded, representing a 577% rise compared to the previous session.
• The company reported $0.41 earnings per share for its most recent quarter, with a net revenue of $6.10 billion.
• Mitsubishi Chemical has a market capitalization of $7.94 billion and a relatively low beta of 0.61, indicating less volatility compared to the overall market.

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 5,173 shares were traded during mid-day trading, an increase of 577% from the previous session's volume of 764 shares.The stock last traded at $27.91 and had previously closed at $28.30.

Mitsubishi Chemical Stock Performance

The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 45.75 and a beta of 0.61. The firm's fifty day moving average price is $28.68 and its 200-day moving average price is $26.34. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.69.

Mitsubishi Chemical (OTCMKTS:MTLHY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.41 earnings per share for the quarter. Mitsubishi Chemical had a net margin of 0.62% and a return on equity of 0.98%. The firm had revenue of $6.10 billion during the quarter.

Mitsubishi Chemical Company Profile

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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