Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up - Time to Buy?

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.

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 traded.

Mitsubishi Chemical Stock Performance

The company's 50-day moving average price is $26.11 and its two-hundred day moving average price is $25.37. The company has a market cap of $7.87 billion, a P/E ratio of 45.33 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.

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