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

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $35.4610, but opened at $36.6420. Mitsubishi Chemical shares last traded at $36.6420, with a volume of 1,766 shares traded.

Mitsubishi Chemical Trading Up 3.3%

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 1.03. The firm’s fifty day moving average price is $37.01 and its 200-day moving average price is $34.16. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 19.91 and a beta of 0.68.

Mitsubishi Chemical (OTCMKTS:MTLHY – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.33 EPS for the quarter. The firm had revenue of $6.30 billion during the quarter.

About Mitsubishi Chemical

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Mitsubishi Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Chemical and related companies with MarketBeat.com's FREE daily email newsletter.