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Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up - Should You Buy?

Mitsubishi Chemical logo with Basic Materials background

Key Points

  • Mitsubishi Chemical's stock price gapped up from $25.86 to $27.65 before the market opened on Tuesday, indicating a positive market sentiment.
  • The company reported a net margin of 0.62% and $0.41 earnings per share, with a revenue of $6.10 billion for the last quarter.
  • Mitsubishi Chemical has a market capitalization of $7.87 billion and operates across multiple segments including Specialty Materials, Industrial Gases, and Health Care.
  • Want stock alerts on Mitsubishi Chemical? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $25.86, but opened at $27.65. Mitsubishi Chemical shares last traded at $27.65, with a volume of 1,201 shares changing hands.

Mitsubishi Chemical Price Performance

The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 45.33 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $26.11 and its 200-day moving average price is $25.37.

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 (EPS) for the quarter. The business had revenue of $6.10 billion for the quarter. Mitsubishi Chemical had a net margin of 0.62% and a return on equity of 0.98%.

Mitsubishi Chemical Company Profile

(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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