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

Mitsubishi Chemical logo with Basic Materials background

Key Points

  • Mitsubishi Chemical shares gapped up before trading on Thursday, opening at $29.45, a rise from the previous close of $27.96, reflecting a increase of 5.3%.
  • The company has a market capitalization of $8.38 billion and reported quarterly earnings of $0.41 per share with revenues of $6.10 billion.
  • Mitsubishi Chemical operates in five segments including Specialty Materials and Industrial Gases, providing a range of performance products and chemicals both in Japan and internationally.
  • Five stocks we like better than Mitsubishi Chemical.

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $27.96, but opened at $29.45. Mitsubishi Chemical shares last traded at $29.45, with a volume of 800 shares trading hands.

Mitsubishi Chemical Stock Performance

The firm has a market cap of $8.38 billion, a P/E ratio of 48.28 and a beta of 0.58. 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 firm has a fifty day moving average of $27.49 and a 200-day moving average of $25.78.

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

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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