KURARAY CO LTD/ADR (OTCMKTS:KURRY) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of KURARAY CO LTD/ADR (OTCMKTS:KURRY) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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 KURRY stock remained flat at $$34.39 during trading hours on Wednesday. The firm’s 50 day moving average price is $30.65 and its 200-day moving average price is $33.12. The company has a quick ratio of 1.42, a current ratio of 2.34 and a debt-to-equity ratio of 0.32. KURARAY CO LTD/ADR has a 12 month low of $25.45 and a 12 month high of $38.92. The firm has a market cap of $3.75 billion, a PE ratio of 24.39 and a beta of 0.70.

About KURARAY CO LTD/ADR

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.

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