SHIN-ETSU CHEMICAL (SHECY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of SHIN-ETSU CHEMICAL (OTCMKTS:SHECY) from a strong-buy rating to a hold rating in a research note released on Wednesday.

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) opened at 21.26 on Wednesday. The firm’s 50-day moving average is $21.43 and its 200-day moving average is $19.49. SHIN-ETSU CHEMICAL has a 12 month low of $12.46 and a 12 month high of $22.30. The firm has a market capitalization of $36.24 billion, a PE ratio of 24.73 and a beta of 0.84.

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