Mitsubishi Chemical Group (OTCMKTS:MTLHY) Share Price Crosses Above 50-Day Moving Average of $28.33

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY – Get Rating)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $28.33 and traded as high as $28.41. Mitsubishi Chemical Group shares last traded at $27.97, with a volume of 1,443 shares changing hands.

Mitsubishi Chemical Group Stock Up 1.1 %

The firm has a market capitalization of $8.43 billion, a P/E ratio of 13.32 and a beta of 0.48. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 1.40. The business’s fifty day moving average price is $28.33 and its two-hundred day moving average price is $25.95.

Mitsubishi Chemical Group (OTCMKTS:MTLHY – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The company reported ($1.36) earnings per share for the quarter. The firm had revenue of $8.06 billion during the quarter. Mitsubishi Chemical Group had a net margin of 1.83% and a return on equity of 4.07%.

About Mitsubishi Chemical Group

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Mitsubishi Chemical Group Corp. engages in the management of its group companies. It operates through the following segments: Functional Products, Chemicals, Industrial Gas, and Healthcare. The Functional Products segment sells electronics, displays, films, environment and life solutions, molding materials, polymers, chemicals, and new energy to domestic and overseas customers.