Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up - Here's What Happened

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $24.25, but opened at $25.28. Mitsubishi Chemical shares last traded at $25.28, with a volume of 200 shares changing hands.

Mitsubishi Chemical Trading Down 1.8%

The company's 50 day simple moving average is $24.88 and its 200-day simple moving average is $25.15. The firm has a market cap of $7.01 billion, a P/E ratio of 24.16 and a beta of 0.54. The company has a quick ratio of 0.87, a current ratio of 1.37 and a debt-to-equity ratio of 0.71.

Mitsubishi Chemical (OTCMKTS:MTLHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.33) earnings per share (EPS) for the quarter. The business had revenue of $7.06 billion for the quarter. Mitsubishi Chemical had a return on equity of 1.89% and a net margin of 1.00%.

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.