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Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Pass Above 50-Day Moving Average - Here's What Happened

Mitsubishi Chemical logo with Basic Materials background

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.54 and traded as high as $27.37. Mitsubishi Chemical shares last traded at $27.37, with a volume of 134 shares traded.

Mitsubishi Chemical Stock Performance

The firm's 50 day simple moving average is $25.54 and its 200 day simple moving average is $25.18. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 26.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.37.

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

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.

Further Reading

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