Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Up 10.6% – Here’s What Happened

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) shares traded up 10.6% during trading on Tuesday . The stock traded as high as $32.40 and last traded at $32.40. 249 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 657 shares. The stock had previously closed at $29.29.

Mitsubishi Chemical Stock Performance

The company’s fifty day moving average is $29.72 and its 200 day moving average is $30.02. The company has a market capitalization of $9.34 billion, a P/E ratio of 53.12 and a beta of 0.63. The company has a current ratio of 1.60, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

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.