Mitsubishi Chemical (OTCMKTS:MTLHY) Stock Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• Mitsubishi Chemical's stock price fell below its fifty-day moving average of $28.34, trading as low as $28.25, with a total volume of 352 shares traded.
• The company reported a net margin of 0.62% with a revenue of $6.10 billion for the last quarter and has a market capitalization of $8.04 billion.
• Mitsubishi Chemical operates in five segments, including Specialty Materials and Health Care, and offers a variety of products in the performance and industrial chemical sectors.

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.34 and traded as low as $28.25. Mitsubishi Chemical shares last traded at $28.25, with a volume of 352 shares traded.

Mitsubishi Chemical Stock Performance

The company's 50 day moving average is $28.34 and its 200-day moving average is $26.11. The company has a market capitalization of $8.04 billion, a P/E ratio of 46.31 and a beta of 0.61. 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 quarterly earnings data on Friday, August 1st. The company reported $0.41 EPS for the quarter. Mitsubishi Chemical had a net margin of 0.62% and a return on equity of 0.98%. The company had revenue of $6.10 billion for the quarter.

Mitsubishi Chemical Company Profile

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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