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

Mitsubishi Chemical Group logo with Basic Materials background

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $26.44 and traded as low as $25.46. Mitsubishi Chemical Group shares last traded at $25.47, with a volume of 1,504 shares traded.

Mitsubishi Chemical Group Stock Up 0.1 %

The company has a market capitalization of $7.25 billion, a PE ratio of 12.01 and a beta of 0.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.31. The company's 50-day moving average is $26.44 and its 200 day moving average is $28.48.

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