Mitsubishi Chemical (OTCMKTS:MTLHY) Sets New 52-Week High – Time to Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) shares reached a new 52-week high on Tuesday . The company traded as high as $33.65 and last traded at $32.40, with a volume of 1245 shares traded. The stock had previously closed at $31.75.

Mitsubishi Chemical Price Performance

The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 53.12 and a beta of 0.62. The company’s 50 day moving average is $29.42 and its 200 day moving average is $28.45. The company has a quick ratio of 1.08, a current ratio of 1.60 and a debt-to-equity ratio of 0.65.

About Mitsubishi Chemical

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.