Shares of KURARAY CO LTD/ADR (OTCMKTS:KURRY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $33.07 and last traded at $32.18, with a volume of 1463 shares. The stock had previously closed at $33.69.
Separately, Zacks Investment Research raised KURARAY CO LTD/ADR from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday.
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About KURARAY CO LTD/ADR (OTCMKTS:KURRY)
Kuraray Co, Ltd. manufactures and sells chemicals and resins, fibers and textiles, high performance materials, medical products, and others products worldwide. The company's Vinyl Acetate segment offers functional resins and films, including polyvinyl alcohol (PVA) resins for paper/fiber processing agents, adhesives, and others; optical-use PVA films for liquid crystal display televisions, mobile phone screens, and others; water-soluble PVA films for water soluble delivery system and others; PVB films for use as interlayers for laminated safety glass and photovoltaic module encapsulation; EVAL resins and films for food packaging, automobile tanks/vacuum insulation panels, refrigerators, and others; and PLANTIC, a bio-based barrier material for fresh food packaging and industrial uses.
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