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

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $27.93, but opened at $29.17. Mitsubishi Chemical shares last traded at $29.17, with a volume of 208 shares trading hands.

Mitsubishi Chemical Stock Performance

The business has a 50 day moving average price of $27.45 and a 200 day moving average price of $27.26. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.69. The stock has a market cap of $8.42 billion, a P/E ratio of 47.89 and a beta of 0.63.

About Mitsubishi Chemical

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.