Zacks Investment Research downgraded shares of KURARAY Co Ltd/ADR (OTCMKTS:KURRY) from a buy rating to a hold rating in a research note released on Thursday, May 31st.
According to Zacks, “Kuraray Co., Ltd. engages in commercializing chemicals and resins, fibers and textiles, high performance material, medical products and others. It operates in three segments: Chemicals and Resins; Fibers and Textiles; and High-Performance Materials, Medical Products, and Others (HMM). In the chemicals and functional materials fields, the Company’s products include poval resin, the gas barrier material EVAL, isoprene chemicals, fine chemicals, methacrylic resin and resin-finished goods. The Fibers and Textiles segment provides man-made leather, non-woven fabrics, hook and loop fasteners, MAGIC TAPE, which is used in clothing, shoes, car seats; polyester; and textiles. The HMM segment provides heat resistant polyamide resins used in electronics parts and auto parts, dental materials; PVA gel, which are used in water purification and wastewater treatment; and KURARAY COAL used in water purification facilities, gas separators, and capacitor materials. Kuraray Co., Ltd. is headquartered in Tokyo, Japan. “
Separately, ValuEngine cut KURARAY Co Ltd/ADR from a buy rating to a hold rating in a report on Wednesday, May 2nd.
KURARAY Co Ltd/ADR traded up $0.02, reaching $45.50, during trading hours on Thursday, MarketBeat Ratings reports. 383 shares of the company were exchanged, compared to its average volume of 777. KURARAY Co Ltd/ADR has a 52-week low of $44.92 and a 52-week high of $61.38. The company has a quick ratio of 2.15, a current ratio of 3.33 and a debt-to-equity ratio of 0.09. The company has a market cap of $5.41 billion, a P/E ratio of 10.27 and a beta of 0.36.
KURARAY Co Ltd/ADR Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KURARAY Co Ltd/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KURARAY Co Ltd/ADR and related companies with MarketBeat.com's FREE daily email newsletter.