Zacks Investment Research cut shares of SHIN ETSU Chem/ADR (OTCMKTS:SHECY) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

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. “

OTCMKTS:SHECY opened at $24.28 on Friday. SHIN ETSU Chem/ADR has a 12 month low of $21.71 and a 12 month high of $30.90. The stock has a market capitalization of $41.19 billion, a PE ratio of 17.22 and a beta of 1.02.

SHIN ETSU Chem/ADR Company Profile

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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