Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Down - Here's Why

Key Points

• Mitsubishi Chemical's stock gapped down significantly, opening at $28.85 compared to the previous close of $31.65.
• The company reported quarterly earnings of $0.41 per share with a net margin of only 0.62% and revenue of $6.10 billion.
• Mitsubishi Chemical has a market cap of $8.21 billion and a PE ratio of 47.30, indicating potential overvaluation amidst its modest profitability.

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $31.65, but opened at $28.85. Mitsubishi Chemical shares last traded at $28.85, with a volume of 1,500 shares trading hands.

Mitsubishi Chemical Stock Performance

The firm's 50 day moving average is $27.71 and its 200-day moving average is $25.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.52. The company has a market cap of $8.21 billion, a PE ratio of 47.30 and a beta of 0.58.

Mitsubishi Chemical (OTCMKTS:MTLHY - Get Free Report) last posted 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 business had revenue of $6.10 billion during the quarter.

About Mitsubishi Chemical

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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