MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) from a sell rating to a hold rating in a report issued on Tuesday, 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. “

Shares of OTCMKTS:MXCHY opened at $3.91 on Tuesday. The firm has a fifty day moving average price of $4.21 and a 200 day moving average price of $4.60. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. MEXICHEM SAB DE/ADR has a 1-year low of $4.07 and a 1-year high of $7.05.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.043 per share. The ex-dividend date is Monday, August 26th. This represents a $0.17 dividend on an annualized basis and a yield of 4.40%. This is a boost 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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