Mitsubishi Chemical (OTCMKTS:MTLHY) Sees Large Volume Increase – Here’s Why

Shares of Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY) saw unusually-strong trading volume on Tuesday . Approximately 200 shares were traded during mid-day trading, an increase of 186% from the previous session’s volume of 70 shares.The stock last traded at $30.00 and had previously closed at $29.40.

Mitsubishi Chemical Trading Up 2.0%

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.52. The firm has a market capitalization of $8.65 billion, a P/E ratio of 49.18 and a beta of 0.62. The firm has a 50 day moving average price of $27.86 and a two-hundred day moving average price of $27.68.

About Mitsubishi Chemical

Mitsubishi Chemical (OTCMKTS:MTLHY) is the U.S. trading line of Mitsubishi Chemical Holdings Corporation, one of Japan’s leading integrated chemical companies. The company operates through a diversified portfolio of specialty chemicals, performance materials, petrochemicals and healthcare products. Its product offering spans from high‐performance plastics, electronic and battery materials to pharmaceutical intermediates, industrial gases and carbon‐fiber composites designed for automotive, electronics and aerospace applications.

Founded originally as Mitsubishi Chemical Corporation in 1933 and reorganized under Mitsubishi Chemical Holdings in 2005, the company is part of the broader Mitsubishi keiretsu.