MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) from a hold rating to a sell rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Mexichem, S.A.B. de C.V. engages in the production and sale of chemicals and petrochemical products. Its activities are structured in three production chains: Chlorine-Vinyl Chain, involved in the manufacture of plasticizers and phthalic anhydride; Fluorine Chain, focused on the extraction of fluorspar and its transformation into acid grade, metallurgical grade and hydrofluoric acid; and Integral Solutions, specialized in the production of PVC pipe systems, connections and plastic accessories, as well as geo-systems, such as geo-textiles and geo-drains. The Company serves construction and civil infrastructure, water supply and basic sanitation, power generation, transportation, communication, health care, and other industries. Mexichem, S.A.B. de C.V. is based in Tlalnepantla, Mexico. “

MXCHY stock opened at $4.15 on Thursday. MEXICHEM SAB DE/ADR has a twelve month low of $4.07 and a twelve month high of $7.05. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average of $3.99 and a 200 day moving average of $4.42.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 27th were given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Monday, August 26th. This is a positive change from MEXICHEM SAB DE/ADR’s previous quarterly dividend of $0.03.

About MEXICHEM SAB DE/ADR

Mexichem, SAB. de C.V. manufactures and markets chemical and petrochemicals, and plastic pipes and connectors worldwide. It operates through three segments: Vinyl, Fluor, and Fluent. The company offers base chemicals, specialty resins, polyvinyl chloride (PVC) resins, compounds, phthalic anhydride and plasticizers, phosphates, and other chemicals for the automotive, industrial, medical, home, lawn and garden, building and construction, wire and cable, clothing, food and beverages, healthcare, packaging, paints, inks and colorants, and other markets.

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