Showa Denko KK (OTCMKTS:SHWDY) Stock Rating Lowered by Nomura

Showa Denko KK (OTCMKTS:SHWDY – Get Rating) was downgraded by equity researchers at Nomura from a “neutral” rating to a “reduced” rating in a report on Friday, reports The Fly.

Showa Denko KK Price Performance

Shares of SHWDY opened at $16.40 on Friday. The company has a market capitalization of $3.03 billion, a P/E ratio of 11.39 and a beta of 0.78. Showa Denko KK has a 12-month low of $16.06 and a 12-month high of $17.55. The company has a current ratio of 1.20, a quick ratio of 0.86 and a debt ratio of 0.60. The company has a fifty-day moving average price of $17.68 and a 200-day moving average price of $19.08.

About Showa Denko KK

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Showa Denko KK 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 ethyl vinyl acetate and allyl alcohol; and polypropylene.

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