Zacks Investment Research Downgrades SHIN ETSU CHEM/ADR (OTCMKTS:SHECY) to Hold

SHIN ETSU CHEM/ADR (OTCMKTS:SHECY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine cut SHIN ETSU CHEM/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Shares of SHECY stock traded up $0.34 on Wednesday, hitting $26.76. 27,997 shares of the stock were exchanged, compared to its average volume of 93,474. The firm has a market capitalization of $45.77 billion, a P/E ratio of 16.42 and a beta of 1.36. The business has a 50-day moving average of $26.08 and a 200 day moving average of $23.56. SHIN ETSU CHEM/ADR has a fifty-two week low of $18.01 and a fifty-two week high of $28.22.

SHIN ETSU CHEM/ADR Company Profile

Shin-Etsu Chemical Co, Ltd. manufactures and sells polyvinyl chloride (PVC), semiconductor devices, silicones, and rare earth magnets worldwide. The company operates through PVC/Chlor-Alkali; Semiconductor Silicon; Silicones; Electronics and Functional Materials; Specialty Chemicals; and Processing, Trading & Specialized Services segments.

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