Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Down – What’s Next?

Shares of Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) gapped down prior to trading on Tuesday . The stock had previously closed at $32.09, but opened at $29.29. Mitsubishi Chemical shares last traded at $29.29, with a volume of 100 shares.

Mitsubishi Chemical Price Performance

The company has a 50-day moving average price of $30.88 and a 200 day moving average price of $29.85. The firm has a market capitalization of $8.44 billion, a PE ratio of 48.02 and a beta of 0.67. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.60 and a quick ratio of 1.08.

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.