Mitsubishi Chemical Group Co. (OTCMKTS:MTLHY – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 300 shares, a drop of 25.0% from the October 15th total of 400 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 0.2 days.
Mitsubishi Chemical Group Stock Performance
Shares of OTCMKTS MTLHY traded down $0.45 during midday trading on Friday, hitting $26.70. The company’s stock had a trading volume of 8,563 shares, compared to its average volume of 4,062. The firm has a market cap of $7.60 billion, a P/E ratio of 12.81 and a beta of 0.37. Mitsubishi Chemical Group has a 1-year low of $25.16 and a 1-year high of $34.45. The firm’s fifty day moving average price is $29.84 and its 200-day moving average price is $28.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.81 and a current ratio of 1.30.
Mitsubishi Chemical Group (OTCMKTS:MTLHY – Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Mitsubishi Chemical Group had a return on equity of 4.03% and a net margin of 2.07%. The business 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.
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