Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Down – Here’s Why

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $38.74, but opened at $35.55. Mitsubishi Chemical shares last traded at $35.55, with a volume of 635 shares changing hands.

Mitsubishi Chemical Price Performance

The company has a market capitalization of $10.25 billion, a PE ratio of 58.28 and a beta of 0.64. The company has a current ratio of 1.60, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $31.95 and a 200 day moving average of $29.42.

Mitsubishi Chemical Company Profile

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.