Mitsubishi Chemical (OTCMKTS:MTLHY) Announces Quarterly Earnings Results

Mitsubishi Chemical (OTCMKTS:MTLHY) posted its quarterly earnings results on Thursday. The company reported $0.75 earnings per share (EPS) for the quarter, Zacks reports.

Mitsubishi Chemical Stock Performance

Shares of Mitsubishi Chemical stock traded down $5.22 during trading on Thursday, hitting $30.45. 449 shares of the company’s stock were exchanged, compared to its average volume of 299. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 16.55 and a beta of 0.77. The business has a 50-day simple moving average of $36.28 and a 200-day simple moving average of $33.90. Mitsubishi Chemical has a 52-week low of $26.51 and a 52-week high of $39.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.57.

Mitsubishi Chemical Company Profile

Mitsubishi Chemical Group Corp. is a Japan-based chemical and materials company whose businesses serve industrial, healthcare, electronics, automotive, packaging, and consumer markets. The group develops and manufactures performance products, specialty chemicals, polymers, films, composite materials, and other advanced materials designed to support applications ranging from mobility and electronics to food packaging and infrastructure.

Its portfolio includes high-performance resins and engineering plastics, carbon fiber and composite materials, industrial films, coatings, adhesives, synthetic fibers, and materials used in semiconductor and display manufacturing.