HITACHI CHEM CO/ADR (OTCMKTS:HCHMY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of HITACHI CHEM CO/ADR (OTCMKTS:HCHMY) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine upgraded shares of HITACHI CHEM CO/ADR from a strong sell rating to a sell rating in a research report on Tuesday, November 5th.

OTCMKTS HCHMY opened at $83.75 on Wednesday. HITACHI CHEM CO/ADR has a 52 week low of $34.44 and a 52 week high of $84.30. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of -15.99 and a beta of 1.51. The company has a 50-day moving average price of $83.96 and a two-hundred day moving average price of $69.89.

About HITACHI CHEM CO/ADR

Hitachi Chemical Company, Ltd. manufactures and sells functional materials, and advanced components and systems in Japan and internationally. The company provides semiconductor related materials, such as chemical mechanical planarization slurry, high heat resistant fine polyimides, photosensitive insulation coatings, die bonding pastes and films, epoxy molding compounds, liquid encapsulants, cleaning sheets, high heat resistant coating materials, map molding support tapes, release sheets, and dicing films; and display and touch panel related materials, including anisotropic conductive films, transparent conductive transfer films, and adhesive films for displays.

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