Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $32.40, but opened at $35.50. Mitsubishi Chemical shares last traded at $33.30, with a volume of 250 shares traded.

Mitsubishi Chemical Trading Up 2.8%

The firm’s 50-day moving average price is $29.97 and its 200 day moving average price is $30.15. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 54.59 and a beta of 0.63. The company has a current ratio of 1.60, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Mitsubishi Chemical Company Profile

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Mitsubishi Chemical (OTCMKTS:MTLHY) is the U.S. trading line of Mitsubishi Chemical Holdings Corporation, one of Japan’s leading integrated chemical companies. The company operates through a diversified portfolio of specialty chemicals, performance materials, petrochemicals and healthcare products. Its product offering spans from high‐performance plastics, electronic and battery materials to pharmaceutical intermediates, industrial gases and carbon‐fiber composites designed for automotive, electronics and aerospace applications.

Founded originally as Mitsubishi Chemical Corporation in 1933 and reorganized under Mitsubishi Chemical Holdings in 2005, the company is part of the broader Mitsubishi keiretsu.

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