Zacks Investment Research Downgrades SHIN ETSU CHEM/ADR (SHECY) to Hold

SHIN ETSU CHEM/ADR (OTCMKTS:SHECY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine lowered shares of SHIN ETSU CHEM/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday.

OTCMKTS SHECY opened at $20.95 on Wednesday. SHIN ETSU CHEM/ADR has a twelve month low of $18.01 and a twelve month high of $26.45. The company has a market cap of $35.76 billion, a price-to-earnings ratio of 14.85 and a beta of 1.17.

About SHIN ETSU CHEM/ADR

Shin-Etsu Chemical Co, Ltd. manufactures and sells polyvinyl chloride (PVC), semiconductor devices, silicones, and rare earth magnets worldwide. The company operates through PVC/Chlor-Alkali; Semiconductor Silicon; Silicones; Electronics and Functional Materials; Specialty Chemicals; and Processing, Trading & Specialized Services segments.

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