SHOWA DENKO KK/ADR (SHWDY) Cut to “Hold” at Zacks Investment Research

SHOWA DENKO KK/ADR (OTCMKTS:SHWDY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

A number of other analysts have also weighed in on the stock. Citigroup lowered shares of SHOWA DENKO KK/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, December 12th. ValuEngine lowered shares of SHOWA DENKO KK/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th.

SHOWA DENKO KK/ADR stock traded up $3.09 during midday trading on Wednesday, reaching $34.70. 5,617 shares of the stock were exchanged, compared to its average volume of 3,883. SHOWA DENKO KK/ADR has a 52 week low of $30.35 and a 52 week high of $51.81.

SHOWA DENKO KK/ADR Company Profile

Showa Denko K.K. operates as a chemical company in Japan and internationally. It operates in six segments: Petrochemicals, Chemicals, Electronics, Inorganics, Aluminum, and Others. The Petrochemicals segment offers olefins, including ethylene, propylene, C4 fraction, cracked fuel oils, etc.; and organic chemicals, including vinyl acetate monomer, vinyl and ethyl acetate, allyl alcohol, acetaldehyde, acetic acid, and allyl ester resins, as well as polypropylene.

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