Mitsubishi Chemical Group (OTCMKTS:MTLHY) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.49 and traded as high as $25.60. Mitsubishi Chemical Group shares last traded at $25.60, with a volume of 406 shares changing hands.

Mitsubishi Chemical Group Stock Up 2.2 %

The firm has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $27.94. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 14.88 and a beta of 0.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.31.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.43 earnings per share (EPS) for the quarter. Mitsubishi Chemical Group had a return on equity of 3.18% and a net margin of 1.66%.

Mitsubishi Chemical Group 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.