Zacks Investment Research Downgrades Mitsubishi Chem Hl (MTLHY) to Hold

Mitsubishi Chem Hl (OTCMKTS:MTLHY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

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 upgraded Mitsubishi Chem Hl from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd.

Shares of Mitsubishi Chem Hl (OTCMKTS:MTLHY) opened at $49.30 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.50 and a debt-to-equity ratio of 0.59. Mitsubishi Chem Hl has a twelve month low of $36.86 and a twelve month high of $58.82.

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About Mitsubishi Chem Hl

Mitsubishi Chemical Holdings Corporation engages in the performance products, industrial materials, and health care businesses in Japan and internationally. The company operates in Electronics Applications, Designed Materials, Chemicals, Polymers, and Health Care segments. Its performance products include optical recording media equipment, organic photo conductors/chemical toners, display materials, li-ion battery materials, environment-related materials/services, food ingredients, ion exchange resins, polymer films, food packaging materials, carbon and alumina fibers, civil engineering materials, construction and agricultural materials, engineering plastics, hollow fiber membrane filters, plastic optical fibers, and textiles.

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