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

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $26.44 and traded as low as $25.46. Mitsubishi Chemical Group shares last traded at $25.47, with a volume of 1,504 shares trading hands.

Mitsubishi Chemical Group Price Performance

The company has a quick ratio of 0.82, a current ratio of 1.31 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $26.44 and a two-hundred day moving average of $28.48. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 12.01 and a beta of 0.38.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.03 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 during 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.