Mitsui Chemicals (OTCMKTS:MITUY) Shares Up 3.6% – Should You Buy?

Mitsui Chemicals, Inc. (OTCMKTS:MITUY) shares shot up 3.6% during trading on Monday. The stock traded as high as $13.3350 and last traded at $13.3350. 111 shares changed hands during trading, a decline of 86% from the average session volume of 797 shares. The stock had previously closed at $12.8740.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Mitsui Chemicals from a “neutral” rating to a “sell” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Mitsui Chemicals Stock Performance

The business has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $11.92.

Mitsui Chemicals Company Profile

Mitsui Chemicals, Inc is a Japan-based chemical company that develops, manufactures and markets a broad range of basic and specialty chemicals. Its products are used in industries including automotive, electronics, packaging, construction, agriculture, healthcare and personal care.

The company’s portfolio includes polyolefins, elastomers, polyurethane materials, specialty resins, films, adhesives, coatings materials, catalysts and agricultural chemicals. Mitsui Chemicals also supplies healthcare-related products such as dental materials, vision-care materials and nonwoven fabrics, as well as functional materials used in food and pharmaceutical packaging.

Mitsui Chemicals was formed in 1997 through the merger of Mitsui Petrochemical Industries and Mitsui Toatsu Chemicals, combining businesses with roots in Japan’s petrochemical industry.