Zacks Investment Research lowered shares of China National Materials Group (OTCMKTS:CASDY) from a strong-buy rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “China National Building Material Company Limited (CNBM) is an investment holding company principally engaged in the production and sale of cement. The Company operates its business through six segments. The Cement segment is engaged in the production and sale of cement. The Concrete segment is engaged in the production and sale of concrete. The Lightweight Building Materials segment is engaged in the production and sale of lightweight building materials. The Glass Fiber and Composite Materials segment is engaged in the production and sale of glass fiber and composite materials. The Engineering Services segment is engaged in the provision of engineering services to glass and cement manufacturers and equipment procurement. The others segment is engaged in merchandise trading business and others. “

Separately, ValuEngine upgraded shares of China National Materials Group from a buy rating to a strong-buy rating in a report on Friday, February 2nd.

Shares of OTCMKTS CASDY opened at $20.02 on Tuesday. China National Materials Group has a 12 month low of $5.90 and a 12 month high of $21.15.

China National Materials Group Company Profile

China National Materials Company Limited, together with its subsidiaries, engages in the cement equipment and engineering services, cement, and high-tech materials businesses in the People's Republic of China, the Middle East, Africa, other Asian countries, Europe, the United States, and internationally.

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