Zacks Investment Research lowered shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) from a buy rating to a hold rating in a report published on Wednesday.

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 (OTCMKTS:SHECY) opened at 17.56 on Wednesday. Shin-Etsu Chemical has a 52-week low of $11.59 and a 52-week high of $18.40. The stock has a market cap of $29.92 billion, a P/E ratio of 19.42 and a beta of 0.91. The company has a 50-day moving average of $17.69 and a 200 day moving average of $15.23.

Receive News & Stock Ratings for Shin-Etsu Chemical Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shin-Etsu Chemical Co. and related stocks with our FREE daily email newsletter.