Mitsubishi Chemical Group (OTCMKTS:MTLHY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $26.44 and traded as low as $25.46. Mitsubishi Chemical Group shares last traded at $25.47, with a volume of 1,504 shares traded.

Mitsubishi Chemical Group Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.82. The company’s 50 day simple moving average is $26.44 and its 200 day simple moving average is $28.48. The company has a market capitalization of $7.25 billion, a PE ratio of 12.01 and a beta of 0.38.

Mitsubishi Chemical Group (OTCMKTS:MTLHY) last posted its earnings results on Friday, November 1st. The company reported $0.03 EPS for the quarter. Mitsubishi Chemical Group had a net margin of 2.07% and a return on equity of 4.04%. The firm had revenue of $7.48 billion for the quarter.

Mitsubishi Chemical Group Company Profile

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.