Mitsubishi Chemical (MTLHY) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research downgraded shares of Mitsubishi Chemical (OTCMKTS:MTLHY) from a buy rating to a hold rating in a report released on Saturday.
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. “
Separately, ValuEngine cut Mitsubishi Chemical from a buy rating to a hold rating in a research report on Wednesday, May 2nd.
Mitsubishi Chemical opened at $45.87 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 1.39. Mitsubishi Chemical has a one year low of $39.01 and a one year high of $58.82. The firm has a market cap of $13.82 billion, a P/E ratio of 7.47 and a beta of 1.18.
Mitsubishi Chemical Company Profile
Mitsubishi Chemical Holdings Corporation engages in the performance products, industrial materials, and health care businesses in Japan and internationally. It operates in five segments: Electronics Applications, Designed Materials, Health Care, Chemicals, and Polymers. The company offers thermoplastic elastomer, phenol and polycarbonate, bio-based engineering plastic, and polybutylene terephthalate products; acrylic and epoxy resins, sugar esters, and resin additives; optical clear adhesive sheets and films, optical polyvinyl alcohol films, color resists, and precision cleaning products; food packaging and acrylic, and sanitary films, as well as moisture-proof polyvinyl chloride sheets for tablet and capsule packaging; and artificial light-type plant growing systems, and fiber reinforced plastic and stainless steel panel water tanks, as well as water treatment components, equipment, and facilities.
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