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Mitsubishi Chemical Group (OTCMKTS:MTLHY) Shares Pass Below 50-Day Moving Average - Here's What Happened

Mitsubishi Chemical Group logo with Basic Materials background

Shares of Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.25 and traded as low as $25.11. Mitsubishi Chemical Group shares last traded at $25.11, with a volume of 657 shares trading hands.

Mitsubishi Chemical Group Stock Down 0.9 %

The firm has a market capitalization of $7.14 billion, a PE ratio of 11.84 and a beta of 0.38. The business has a 50-day moving average price of $26.25 and a 200-day moving average price of $28.44. The company has a quick ratio of 0.82, a current ratio of 1.31 and a debt-to-equity ratio of 0.69.

Mitsubishi Chemical Group (OTCMKTS:MTLHY - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.03 EPS for the quarter. Mitsubishi Chemical Group had a return on equity of 4.04% and a net margin of 2.07%. The firm had revenue of $7.48 billion for the quarter.

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.

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