Zacks Investment Research cut shares of Mitsubishi Chem Hl (NASDAQ:MTLHY) from a hold rating to a sell 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. “
Shares of Mitsubishi Chem Hl (MTLHY) opened at 39.42 on Friday. The firm’s 50-day moving average price is $38.99 and its 200 day moving average price is $36.83. The stock has a market capitalization of $11.35 billion and a price-to-earnings ratio of 8.27. Mitsubishi Chem Hl has a 1-year low of $21.84 and a 1-year high of $40.15.
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