Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Up 7.8% – Still a Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) shot up 7.8% on Tuesday . The stock traded as high as $29.21 and last traded at $29.21. 118 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 723 shares. The stock had previously closed at $27.10.

Mitsubishi Chemical Stock Performance

The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 48.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.52 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $27.49 and a two-hundred day simple moving average of $27.29.

Mitsubishi Chemical 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.