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

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $37.05, but opened at $39.0520. Mitsubishi Chemical shares last traded at $39.0520, with a volume of 1,291 shares.

Mitsubishi Chemical Trading Down 2.3%

The stock has a 50-day simple moving average of $36.94 and a two-hundred day simple moving average of $33.90. The firm has a market cap of $10.99 billion, a PE ratio of 20.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.57.

Mitsubishi Chemical (OTCMKTS:MTLHY) last issued its quarterly earnings data on Friday, July 31st. The company reported $1.33 earnings per share (EPS) for the quarter. The business had revenue of $6.30 billion for the quarter.

Mitsubishi Chemical Company Profile

Mitsubishi Chemical Group Corp. is a Japan-based chemical company that develops, manufactures and sells a broad range of specialty chemicals, performance materials and industrial products. Its offerings are used in sectors such as automotive, electronics, packaging, construction, healthcare, food and agriculture.

The company’s products include engineering plastics, composite materials, films, coatings, adhesives, carbon and fiber-based materials, performance polymers and other advanced materials.