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

Key Points

• Mitsubishi Chemical shares gapped down on Tuesday, dropping from a previous close of $30.03 to an opening price of $28.25.
• The company reported $0.41 earnings per share and $6.10 billion in revenue for the last quarter, with a net margin of 0.62%.
• Mitsubishi Chemical's market capitalization stands at $8.04 billion, supported by key financial metrics like a PE ratio of 46.31 and a debt-to-equity ratio of 0.69.

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $30.03, but opened at $28.25. Mitsubishi Chemical shares last traded at $28.25, with a volume of 327 shares trading hands.

Mitsubishi Chemical Stock Performance

The firm has a market capitalization of $8.04 billion, a PE ratio of 46.31 and a beta of 0.58. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.69. The business's 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $26.08.

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

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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