SHIN ETSU Chem/ADR (SHECY) Downgraded by Zacks Investment Research to Sell
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 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.
Read More: Hedge Funds – Risk or Reward?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SHIN ETSU Chem/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SHIN ETSU Chem/ADR and related companies with MarketBeat.com's FREE daily email newsletter.