Zacks Investment Research Downgrades HENGAN INTL GRP/ADR (HEGIY) to Hold

Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR (OTCMKTS:HEGIY) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Hengan International Group Company Limited operates as an investment holding company. It engages in the manufacturing, distributing and selling of personal hygiene products, food and snack products and skin care products primarily in China. The company’s operating segments consists of Tissue Paper Products, Sanitary Napkins Products, Disposable Diapers Products, Food and Snacks Products and Skin Care Products and Others. Hengan International Group Company Limited is headquartered in Quanzhou, China. “

HENGAN INTL GRP/ADR stock opened at $38.54 on Tuesday. HENGAN INTL GRP/ADR has a one year low of $32.50 and a one year high of $51.16.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st will be issued a $0.845 dividend. This is a positive change from HENGAN INTL GRP/ADR’s previous Semi-Annual dividend of $0.68. The ex-dividend date is Monday, May 20th.

About HENGAN INTL GRP/ADR

Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People's Republic of China, Hong Kong, and internationally. The company offers box tissue papers, first-aid products, enema, skin care and cleansing products, baby skin care products, sanitary napkins and pantiliners, kitchen towels/papers, pocket handkerchiefs, preservation bags/paper, toilet rolls, adult and baby diapers, and wet tissues.

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