Mitsubishi Chemical (OTCMKTS:MTLHY) Reaches New 1-Year High – Should You Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $31.75 and last traded at $31.75, with a volume of 561 shares trading hands. The stock had previously closed at $31.3250.

Mitsubishi Chemical Price Performance

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’s fifty day moving average price is $28.32 and its 200-day moving average price is $27.94. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 52.05 and a beta of 0.62.

Mitsubishi Chemical Company Profile

Mitsubishi Chemical (OTCMKTS:MTLHY) is the U.S. trading line of Mitsubishi Chemical Holdings Corporation, one of Japan’s leading integrated chemical companies. The company operates through a diversified portfolio of specialty chemicals, performance materials, petrochemicals and healthcare products. Its product offering spans from high‐performance plastics, electronic and battery materials to pharmaceutical intermediates, industrial gases and carbon‐fiber composites designed for automotive, electronics and aerospace applications.

Founded originally as Mitsubishi Chemical Corporation in 1933 and reorganized under Mitsubishi Chemical Holdings in 2005, the company is part of the broader Mitsubishi keiretsu.