Mitsubishi Chemical (OTCMKTS:MTLHY) Shares Gap Up – Still a Buy?

Mitsubishi Chemical Holdings Corp. (OTCMKTS:MTLHY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $30.6450, but opened at $33.00. Mitsubishi Chemical shares last traded at $33.00, with a volume of 250 shares.

Mitsubishi Chemical Stock Up 12.7%

The company has a fifty day simple moving average of $29.88 and a 200-day simple moving average of $29.92. The company has a quick ratio of 1.08, a current ratio of 1.60 and a debt-to-equity ratio of 0.65. The firm has a market cap of $9.51 billion, a P/E ratio of 54.10 and a beta of 0.63.

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.