Mitsubishi Chemical Group (OTCMKTS:MTLHY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $25.91 and traded as low as $25.50. Mitsubishi Chemical Group shares last traded at $25.50, with a volume of 416 shares changing hands.

Mitsubishi Chemical Group Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.82. The company’s 50-day moving average price is $25.91 and its 200-day moving average price is $27.28. The company has a market cap of $7.18 billion, a P/E ratio of 14.67 and a beta of 0.35.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last released its earnings results on Thursday, February 6th. The company reported $0.43 earnings per share (EPS) for the quarter. Mitsubishi Chemical Group had a return on equity of 3.18% and a net margin of 1.66%.

About Mitsubishi Chemical Group

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.