Mitsubishi Chemical Group (OTCMKTS:MTLHY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.25 and traded as low as $25.11. Mitsubishi Chemical Group shares last traded at $25.11, with a volume of 657 shares trading hands.

Mitsubishi Chemical Group Price Performance

The company has a current ratio of 1.31, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The company has a market cap of $7.14 billion, a P/E ratio of 11.84 and a beta of 0.38. The firm has a 50 day moving average of $26.20 and a 200-day moving average of $28.42.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last released its quarterly earnings data on Friday, November 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Mitsubishi Chemical Group had a net margin of 2.07% and a return on equity of 4.04%. The firm had revenue of $7.48 billion for the quarter.

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.