Mitsubishi Chemical Group (OTCMKTS:MTLHY) Shares Cross Below 50 Day Moving Average – Here’s Why

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) passed 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 traded.

Mitsubishi Chemical Group Stock Down 4.7 %

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 firm’s fifty day moving average price is $25.91 and its 200-day moving average price is $27.33. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 14.83 and a beta of 0.35.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last posted 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.