Zacks Investment Research downgraded shares of Tokuyama Corp (NASDAQ:TKYMY) from a buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Tokuyama Corporation manufactures and sells chemicals, specialty products, cement and functional materials. Chemicals segment offers soda ash, caustic soda, calcium chloride, silicate soda, vinyl chloride resin, propylene oxide, isopropyl alcohol and methylene chloride. Specialty Products segment offers multicrystalline silicon, wet silica, metal cleaning chemicals, high-purity chemicals for electronic industry, environmental-related equipment and others. Cement segment offers portland cement, ready-mixed concrete and cementitious solidified materials. Life Amenity segment offers polypropylene film, resin sashes and others. Tokuyama Corporation is based in Chiyoda-Ku, Japan. “

Shares of Tokuyama Corp (NASDAQ:TKYMY) opened at 37.30 on Tuesday. The company has a 50 day moving average price of $34.38 and a 200-day moving average price of $27.93. Tokuyama Corp has a 12-month low of $29.42 and a 12-month high of $37.62. The firm has a market cap of $1.62 billion and a PE ratio of 6.06.

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