Zacks Investment Research Lowers Shin-Etsu Chemical Co. (SHECY) to Hold
Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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 22.43 on Tuesday. The stock has a market capitalization of $38.26 billion, a price-to-earnings ratio of 22.46 and a beta of 0.63. Shin-Etsu Chemical has a one year low of $17.34 and a one year high of $24.35. The firm’s 50-day moving average is $22.28 and its 200-day moving average is $22.20.
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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 companys 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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