Mitsubishi Chemical (OTCMKTS:MTLHY) Announces Quarterly Earnings Results

Mitsubishi Chemical (OTCMKTS:MTLHY) released its earnings results on Friday. The company reported $1.33 EPS for the quarter, Zacks reports. The business had revenue of $6.30 billion during the quarter.

Mitsubishi Chemical Price Performance

Shares of OTCMKTS MTLHY remained flat at $36.25 during midday trading on Friday. 3 shares of the company traded hands, compared to its average volume of 48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.50 and a quick ratio of 1.02. The firm has a fifty day simple moving average of $34.90 and a 200-day simple moving average of $32.54. Mitsubishi Chemical has a 12-month low of $25.86 and a 12-month high of $38.74. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 59.43 and a beta of 0.65.

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.