Zacks Investment Research lowered shares of Koninklijke DSM (NASDAQ:RDSMY) from a buy rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “DSM N V ADR is involved in the Chemicals Industry. Their main focus is on base materials, performance materials, materials processing, base chemicals and fine chemicals and coating resins. They are also involved in the exploration and development of oil and natural gas deposits in the North Sea, as well as the licensing of chemical technology and know-how; in addition the company produces ingredients for bakery products. DSM is a world market leader in a number of products, including caprolactam, melamine and EPDM synthetic rubber. “

Separately, HSBC Holdings plc began coverage on shares of Koninklijke DSM in a report on Friday, September 1st. They issued a buy rating on the stock.

Koninklijke DSM (NASDAQ RDSMY) traded up $0.12 on Tuesday, reaching $22.18. 39,902 shares of the company’s stock were exchanged, compared to its average volume of 35,008. Koninklijke DSM has a 1 year low of $14.50 and a 1 year high of $22.29.

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About Koninklijke DSM

Koninklijke DSM N.V. (Royal DSM) is a global science-based company, engaged in offering health, nutrition and materials. The Company’s segments include Nutrition, Performance Materials, Innovation Center and Corporate Activities. Its Nutrition segment includes DSM Nutritional Products and DSM Food Specialties.

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