Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Shares of Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $27.93, but opened at $29.17. Mitsubishi Chemical shares last traded at $29.17, with a volume of 208 shares.

Mitsubishi Chemical Trading Up 7.6%

The firm has a 50-day moving average of $27.45 and a 200 day moving average of $27.20. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 47.82 and a beta of 0.63.

About Mitsubishi Chemical

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Mitsubishi Chemical Group Corporation provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally. It operates in five segments: Specialty Materials, Industrial Gases, Health Care, MMA, and Basic Materials. The Specialty Materials segment offers performance polymers, soarnol, gohsenol, sustainable polymers, and engineering plastics; coating materials, additives, and fines; packaging, industrial and medical, acetyl, and polyester films; engineering shapes and solutions, carbon fiber and composite materials, and fibers; aqua, life, and infrastructure solutions; and semiconductor, electronics, and battery materials.

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