Showa Denko K.K. (NASDAQ:SHWDY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Showa Denko K.K. (NASDAQ:SHWDY) from a buy rating to a hold rating in a research report report published on Saturday.

According to Zacks, “Showa Denko K.K. is engaged in chemical business. The company’s business segment consists of Petrochemical, Chemicals, Inorganics, Aluminum, Electronics and Advanced Battery Materials. Showa Denko K.K. is based in Minato-Ku, Japan. “

Showa Denko K.K. (NASDAQ:SHWDY) opened at 28.06 on Friday. The stock has a market cap of $4.00 billion and a price-to-earnings ratio of 17.26. The company has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.33. Showa Denko K.K. has a 52 week low of $22.53 and a 52 week high of $28.06.

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