Mitsubishi Chemical Group (OTCMKTS:MTLHY) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.25 and traded as low as $25.11. Mitsubishi Chemical Group shares last traded at $25.11, with a volume of 657 shares changing hands.

Mitsubishi Chemical Group Stock Performance

The stock has a market cap of $7.14 billion, a P/E ratio of 11.84 and a beta of 0.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.31. The stock’s fifty day moving average is $26.20 and its 200 day moving average is $28.42.

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

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.