Shin-Etsu Chemical (OTCMKTS:SHECY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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 down $0.75 during trading hours on Tuesday, reaching $25.58. 36,172 shares of the company traded hands, compared to its average volume of 23,073. The company has a market capitalization of $46,131.72, a PE ratio of 26.96 and a beta of 0.68. Shin-Etsu Chemical has a twelve month low of $18.72 and a twelve month high of $28.94.

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Shin-Etsu Chemical Company Profile

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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