Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $36.02 and traded as high as $37.05. Mitsubishi Chemical shares last traded at $37.05, with a volume of 503 shares.

Mitsubishi Chemical Price Performance

The firm has a market cap of $10.68 billion, a PE ratio of 20.14 and a beta of 0.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.50 and a quick ratio of 1.02. The business’s fifty day moving average is $36.02 and its 200-day moving average is $33.24.

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

Mitsubishi Chemical Company Profile

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.