Zacks Investment Research upgraded shares of Showa Denko K.K. (OTCMKTS:SHWDY) from a hold rating to a buy rating in a report published on Saturday morning. Zacks Investment Research currently has $40.00 price target on the stock.

According to Zacks, “Showa Denko K.K. is engaged in chemical business. The company’s business segment consists of Petrochemical, Chemicals, Inorganics, Aluminum, Electronics and Advanced Battery Materials. Showa Denko K.K. is based in Minato-Ku, Japan. “

Showa Denko K.K. (SHWDY) opened at $35.45 on Friday. Showa Denko K.K. has a twelve month low of $22.53 and a twelve month high of $35.45. The company has a market capitalization of $5,310.00, a P/E ratio of 13.85 and a beta of 1.24.

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