Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up – Should You Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHYGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $33.30, but opened at $35.15. Mitsubishi Chemical shares last traded at $35.15, with a volume of 107 shares.

Mitsubishi Chemical Trading Up 5.6%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 1.60. The business has a fifty day simple moving average of $30.72 and a 200 day simple moving average of $30.47. The company has a market cap of $10.13 billion, a P/E ratio of 57.62 and a beta of 0.67.

About Mitsubishi Chemical

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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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