Teijin (TINLY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Teijin (OTCMKTS:TINLY) from a strong-buy rating to a hold rating in a report released on Wednesday.

According to Zacks, “Teijin Limited is involved in the manufacture, processing and sale of chemical products. Advanced Fibers & Composites segment is engaged in the manufacture and sale of aramid fiber (such as yarn, cotton, woven or knitted fabric), carbon fiber products and polyester fiber (industrial materials). Electric Materials & Chemical Products segment involves in the manufacture and sale of films, resins and resin products. Healthcare segment involves in the manufacture and sale of pharmaceuticals and home medical care equipment, as well as the clinical development of new drugs. Products Converting segment involves in the planning, processing and sale of textile products. Others segment involves in the operation, development and maintenance of information systems, as well as the provision of printing services. “

Separately, ValuEngine raised shares of Teijin from a hold rating to a buy rating in a research report on Tuesday, November 21st.

Shares of Teijin (OTCMKTS:TINLY) opened at $20.23 on Wednesday. Teijin has a 1 year low of $18.49 and a 1 year high of $23.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.93 and a quick ratio of 1.35.

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About Teijin

Teijin Limited engages in advanced fibers and composites, electric materials and performance polymer products, healthcare, products converting, and IT businesses worldwide. The company’s Advanced Fibers and Composites segment offers para-aramid, meta-aramid, polyester, and polyethylene naphthalate (PEN) fibers; artificial leather; carbon fibers and intermediate materials; carbon fiber reinforced composites; and flame-resistant fibers.

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