Kuraray Co (NASDAQ:KURRY) Downgraded by Zacks Investment Research

Kuraray Co (NASDAQ:KURRY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 25th.

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. “

Shares of Kuraray (NASDAQ KURRY) remained flat at $57.87 during trading on Tuesday. 49 shares of the company’s stock traded hands. The firm’s 50-day moving average is $57.86 and its 200 day moving average is $51.16. Kuraray has a 52 week low of $41.08 and a 52 week high of $61.38. The firm has a market capitalization of $6.79 billion and a price-to-earnings ratio of 17.81.

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