Hitachi Chemical (NASDAQ:HCHMY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Hitachi Chemical Company, Ltd. engages in the manufacture and sale of functional materials, electronic components and automotive products. It operates through the Functional Materials and Advanced Components and Systems segments. The Functional Materials segment includes electronic, inorganic, polymer science and printed wiring board materials. The Advanced Components and Systems segment consists of automotive products, electronic components, batteries, capacitors and diagnostic instruments. Hitachi Chemical Company, Ltd. is headquartered in Tokyo, Japan. “

Hitachi Chemical (NASDAQ:HCHMY) traded down 0.31% during midday trading on Monday, hitting $58.16. The stock has a 50 day moving average price of $30.18 and a 200 day moving average price of $37.02. The company has a market capitalization of $6.06 billion and a PE ratio of 15.35. Hitachi Chemical has a 12 month low of $42.55 and a 12 month high of $60.94.

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