Ube Industries (UBEOY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Ube Industries (OTCMKTS:UBEOY) from a buy rating to a hold rating in a research note released on Saturday.

According to Zacks, “Ube Industries, Ltd. produces and sells chemical product which consists of nylon resins, plastics and synthetic rubbers, fine chemicals and pharmaceutical bulk compounds and intermediates. Ube Industries, Ltd. is based in Ube, Japan. “

UBEOY stock opened at $14.79 on Friday. The firm has a market capitalization of $3,559.82, a price-to-earnings ratio of 12.55 and a beta of 1.40. Ube Industries has a 52-week low of $14.70 and a 52-week high of $15.77.

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