Zacks Investment Research upgraded shares of Shin-Etsu Chemical (OTCMKTS:SHECY) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

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 $25.92 on Tuesday. Shin-Etsu Chemical has a one year low of $18.72 and a one year high of $28.94. The stock has a market cap of $44,213.16, a PE ratio of 25.84 and a beta of 0.68.

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Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. manufactures and sells polyvinyl chloride (PVC), semiconductor silicon wafers, and silicones worldwide. The company’s PVC/Chlor-Alkali segment offers PVC for use in window profiles, and water and sewer pipes; caustic soda for use in paper and pulp, soap, and food products, as well as synthetic textiles; methanol; and chloromethane.

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