Mitsubishi Chemical Group (OTCMKTS:MTLHY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.06 and traded as low as $23.03. Mitsubishi Chemical Group shares last traded at $23.03, with a volume of 562 shares changing hands.

Mitsubishi Chemical Group Stock Performance

The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 13.39 and a beta of 0.38. The firm has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $26.05. The company has a current ratio of 1.31, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last posted its quarterly 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%.

Mitsubishi Chemical Group Company Profile

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.