MITSUBISHI CHEM/ADR (OTCMKTS:MTLHY) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of MITSUBISHI CHEM/ADR (OTCMKTS:MTLHY) from a hold rating to a sell rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Mitsubishi Chemical Holdings Corporation engages in the production and sale of various chemical, healthcare, and performance products primarily in Japan. The company’s Electronics Applications segment offers optical recording media, display materials, and polyester films. Its Designed Materials segment engages in the business related to aluminum composite materials, sales of construction and industrial materials, plastic shrinkable labels for PET bottles and heat shrinkable tubes. The company’s Health Care segment is involved in businesses related to chemicals and related products, manufacture and sale of pharmaceuticals, clinical testing and diagnostics. Its Chemicals segment engages in the businesses of industrial and specialty chemicals, nonionic surfactants, glycol ethers, and fine chemicals. The company’s Polymers segment’s businesses comprise activities in the areas of PET, polyethylene, and nylon resins for automotive industry. Mitsubishi Chemical Holdings Corporation is headquartered in Tokyo, Japan. “

OTCMKTS:MTLHY traded down $0.14 during trading hours on Thursday, hitting $34.77. 194 shares of the company traded hands, compared to its average volume of 345. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.68 and a current ratio of 0.97. The business’s 50-day simple moving average is $34.66. MITSUBISHI CHEM/ADR has a one year low of $32.34 and a one year high of $48.97. The firm has a market cap of $9.87 billion, a P/E ratio of 5.66 and a beta of 1.28.

About MITSUBISHI CHEM/ADR

Mitsubishi Chemical Holdings Corporation provides performance products, chemicals, industrial gases, and health care products in Japan and internationally. The company's performance products include specialty chemicals, functional food materials, inorganic materials, electronic and electrical components and products, molding and processed products, film and sheet products, synthetic paper, carbon fiber, synthetic fiber, equipment, instruments and systems, materials and products for industrial use, construction materials, civil engineering materials, aqua-related materials and products, leisure, sports, and daily goods.

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