Zacks Investment Research upgraded shares of UBE INDUSTRIES/ADR (OTCMKTS:UBEOY) from a sell rating to a hold rating in a research note issued to investors on Thursday, reports.

According to Zacks, “Ube Industries, Ltd. produces and sells chemical product which consists of nylon resins, plastics and synthetic rubbers, fine chemicals and pharmaceutical bulk compounds and intermediates. Ube Industries, Ltd. is based in Ube, Japan. “

Shares of OTCMKTS UBEOY remained flat at $$10.21 during mid-day trading on Thursday. The firm’s 50-day simple moving average is $10.21 and its 200 day simple moving average is $10.39. UBE INDUSTRIES/ADR has a 12-month low of $9.19 and a 12-month high of $11.82.


Ube Industries, Ltd., together with its subsidiaries, engages in chemicals, pharmaceuticals, cement and construction materials, machinery, and energy and environment businesses worldwide. Its Chemicals segment offers synthetic rubber, engineering plastics, caprolactam, industrial chemicals, liquefied gas, polyethylene, ammonium sulfate, polyimide, battery materials, telecommunication parts, separation membranes, fine chemicals, ceramics, phosphor, high purity chemicals, aerospace materials, inorganic fiber, and high temperature paints.

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