Zacks Investment Research downgraded shares of Shin-Etsu Chemical (OTCMKTS:SHECY) from a buy rating to a hold rating in a research note published on Thursday.
According to Zacks, “Shin-Etsu Chemical Co., Ltd. is engaged in the production and distribution of polyvinyl chloride and silicon wafers. The Company’s products include of polyvinyl chloride, silicones, rare earths, rare earth magnets, epoxy molding compounds, synthetic Quartz, semiconductor silicon and cellulose derivatives. Shin-Etsu Chemical Co., Ltd. is headquartered in Tokyo, Japan. “
Shares of Shin-Etsu Chemical opened at $25.70 on Thursday, according to Marketbeat Ratings. The stock has a market capitalization of $44.42 billion, a P/E ratio of 27.05 and a beta of 0.83. Shin-Etsu Chemical has a 52 week low of $21.43 and a 52 week high of $30.90.
Shin-Etsu Chemical Co, Ltd. manufactures and sells polyvinyl chloride (PVC), semiconductor silicon wafers, silicones, and rare earth magnets worldwide. It offers PVC for use in window profiles, plastic greenhouses, siding materials, and electric lines coating materials, as well as PVC pipes and conduits; caustic soda for use in paper and pulp, soap and detergents, waste water treatment, and alumina; methanol; and chloromethane.
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