Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) from a buy rating to a hold rating in a report released on Tuesday, October 3rd.

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. “

Shin-Etsu Chemical (OTCMKTS SHECY) traded up 1.672% during trading on Tuesday, reaching $22.805. 9,163 shares of the company were exchanged. Shin-Etsu Chemical has a 52-week low of $17.47 and a 52-week high of $24.35. The firm has a 50-day moving average of $22.43 and a 200-day moving average of $22.27. The firm has a market cap of $38.90 billion, a price-to-earnings ratio of 22.839 and a beta of 0.63.

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About Shin-Etsu Chemical

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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