Mitsubishi Chemical (OTCMKTS:MTLHY) Stock Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Mitsubishi Chemical's stock crossed above its 50-day moving average of $27.94, trading as high as $30.03 during Friday's session.
• The company's market capitalization stands at $8.54 billion, with a PE ratio of 49.23 and first quarter revenue reported at $6.10 billion.
• Mitsubishi Chemical operates across five segments, including Specialty Materials and Health Care, offering a diverse range of performance products and chemicals.

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $27.94 and traded as high as $30.03. Mitsubishi Chemical shares last traded at $30.03, with a volume of 1,846 shares trading hands.

Mitsubishi Chemical Stock Performance

The company has a market capitalization of $8.54 billion, a PE ratio of 49.23 and a beta of 0.58. The business's 50-day moving average is $27.94 and its 200-day moving average is $25.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.52.

Mitsubishi Chemical (OTCMKTS:MTLHY - Get Free Report) last issued its 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 during the quarter. Mitsubishi Chemical had a net margin of 0.62% and a return on equity of 0.98%.

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.

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