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Mitsubishi Chemical Group (OTCMKTS:MTLHY) Shares Cross Above 50-Day Moving Average - What's Next?

Mitsubishi Chemical Group logo with Basic Materials background
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Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.49 and traded as high as $25.60. Mitsubishi Chemical Group shares last traded at $25.60, with a volume of 406 shares traded.

Mitsubishi Chemical Group Stock Performance

The company has a market cap of $7.28 billion, a PE ratio of 14.88 and a beta of 0.38. The company has a current ratio of 1.31, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The firm's 50-day simple moving average is $25.46 and its two-hundred day simple moving average is $27.85.

Mitsubishi Chemical Group (OTCMKTS:MTLHY - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.43 earnings per share for the quarter. Mitsubishi Chemical Group had a net margin of 1.66% and a return on equity of 3.18%.

About Mitsubishi Chemical Group

(Get Free Report)

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.

Further Reading

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