TOKUYAMA CORP/ADR (OTCMKTS:TKYMY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of TOKUYAMA CORP/ADR (OTCMKTS:TKYMY) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. They currently have $13.00 target price on the stock.

According to Zacks, “Tokuyama Corporation manufactures and sells chemicals, specialty products, cement and functional materials. Chemicals segment offers soda ash, caustic soda, calcium chloride, silicate soda, vinyl chloride resin, propylene oxide, isopropyl alcohol and methylene chloride. Specialty Products segment offers multicrystalline silicon, wet silica, metal cleaning chemicals, high-purity chemicals for electronic industry, environmental-related equipment and others. Cement segment offers portland cement, ready-mixed concrete and cementitious solidified materials. Life Amenity segment offers polypropylene film, resin sashes and others. Tokuyama Corporation is based in Chiyoda-Ku, Japan. “

TKYMY opened at $11.58 on Wednesday. TOKUYAMA CORP/ADR has a 52-week low of $10.15 and a 52-week high of $13.24. The stock has a market capitalization of $1.61 billion, a PE ratio of 6.00 and a beta of 0.21. The stock’s 50 day moving average price is $10.84 and its 200-day moving average price is $12.01.

About TOKUYAMA CORP/ADR

Tokuyama Corporation produces and sells various chemical products in Japan. The company operates in four segments: Chemicals, Specialty Products, Cement, and Life & Amenity. The Chemicals segment offers soda ash, calcium chloride, sodium silicate, caustic soda, vinyl chloride monomer, propylene oxide, chlorinated solvents, isopropyl alcohol, and polyvinyl chloride.

Further Reading: G-20

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