Koninklijke DSM (NASDAQ:RDSMY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Wednesday.

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 assumed coverage on Koninklijke DSM in a research note on Friday, September 1st. They issued a “buy” rating on the stock.

Shares of Koninklijke DSM (RDSMY) traded down 0.4998% on Wednesday, reaching $20.4075. The company’s stock had a trading volume of 25,228 shares. The stock has a market cap of $14.28 billion and a PE ratio of 16.8448. The company’s 50 day moving average is $19.64 and its 200-day moving average is $18.51. Koninklijke DSM has a 1-year low of $14.50 and a 1-year high of $20.72.

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Koninklijke DSM Company Profile

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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