Sociedad Quimica Y Minera De Chile SA (SQM): Today's Featured Chemicals Loser

Sociedad Quimica Y Minera De Chile ( SQM) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day down 0.9%. By the end of trading, Sociedad Quimica Y Minera De Chile fell 51 cents (-0.9%) to $56.49 on average volume. Throughout the day, 261,835 shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 309,100 shares. The stock ranged in price between $56.29-$57.25 after having opened the day at $56.47 as compared to the previous trading day's close of $57. Other company's within the Chemicals industry that declined today were: BioFuel Energy Corporation ( BIOF), down 17.4%, Pacific Ethanol ( PEIX), down 12.8%, Clean Diesel Technologies ( CDTI), down 9.2%, and Yongye International ( YONG), down 6.1%.

Chemical and Mining Company of Chile Inc. engages in the production and sale of fertilizers and specialty chemicals in Chile and internationally. Sociedad Quimica Y Minera De Chile has a market cap of $14.86 billion and is part of the basic materials sector. The company has a P/E ratio of 27.3, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 5.8% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Sociedad Quimica Y Minera De Chile a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Ferro ( FOE), up 3.6%, Terra Nitrogen Company L.P ( TNH), up 3.3%, Green Plains Renewable Energy ( GPRE), up 2.3%, and Cereplast ( CERP), up 2.1%, were all gainers within the chemicals industry with Agrium ( AGU) being today's featured chemicals industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).
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