Showa Denko K.K. (OTCMKTS:SHWDY) Rating Increased to Hold at Zacks Investment Research

Showa Denko K.K. (OTCMKTS:SHWDYGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

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. “

OTCMKTS:SHWDY opened at $19.76 on Thursday. The firm has a market cap of $3.65 billion, a P/E ratio of -29.49 and a beta of 0.85. The company has a current ratio of 1.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.84. The stock’s 50 day simple moving average is $19.76 and its 200-day simple moving average is $21.40. Showa Denko K.K. has a 12-month low of $19.76 and a 12-month high of $30.94.

Showa Denko K.K. (OTCMKTS:SHWDYGet Rating) last posted its quarterly earnings results on Monday, February 14th. The company reported $0.08 earnings per share for the quarter. Showa Denko K.K. had a positive return on equity of 7.04% and a negative net margin of 0.85%. The firm had revenue of $2.95 billion for the quarter. Research analysts forecast that Showa Denko K.K. will post 1.85 EPS for the current fiscal year.

Showa Denko K.K. Company Profile (Get Rating)

Showa Denko K.K. operates as a chemical company in Japan and internationally. It operates through seven segments: Petrochemicals, Chemicals, Electronics, Inorganics, Aluminum, Showa Denko Materials, and Others. The Petrochemicals segment offers olefins, including ethylene and propylene; organic chemicals, such as vinyl and ethyl acetate, and allyl alcohol; and polypropylene.

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