Daicel (OTCMKTS:DACHF) Shares Down 5.7% – Should You Sell?

Daicel Co. (OTCMKTS:DACHF)’s stock price dropped 5.7% during mid-day trading on Friday . The company traded as low as $8.01 and last traded at $8.01. Approximately 244 shares traded hands during trading, a decline of 27% from the average daily volume of 333 shares. The stock had previously closed at $8.49.

Daicel Stock Performance

The stock has a 50-day moving average of $8.44 and a 200-day moving average of $8.44.

About Daicel

Daicel Chemical Industries, Ltd. operates as a diversified specialty chemicals manufacturer headquartered in Osaka, Japan. The company is organized around three core segments: Cellulosic Derivatives & Products, Organic Chemicals & Polymer Products, and Pyrotechnic Devices & Safety Systems. Through its international network of subsidiaries and affiliates, Daicel serves customers in the automotive, pharmaceutical, packaging, electronics, agriculture and consumer goods industries.

In its Cellulosic Derivatives & Products division, Daicel produces cellulose acetate tow, the primary raw material for cigarette filters, along with cellulose acetate butyrate used in coatings, adhesives and films.