Mitsubishi Chemical (OTCMKTS:MTLHY) Sets New 1-Year High – Here’s Why

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY – Get Free Report) shares hit a new 52-week high on Thursday. The stock traded as high as $39.0520 and last traded at $39.0520, with a volume of 1291 shares. The stock had previously closed at $37.05.

Mitsubishi Chemical Stock Performance

The stock’s fifty day simple moving average is $36.97 and its 200-day simple moving average is $33.93. The company has a quick ratio of 1.03, a current ratio of 1.57 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $10.99 billion, a PE ratio of 20.73 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 for the quarter.

Mitsubishi Chemical Company Profile

(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.

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