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

Sociedad Quimica Y Minera De Chile ( SQM) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.3%. By the end of trading, Sociedad Quimica Y Minera De Chile rose 38 cents (0.7%) to $55.50 on average volume. Throughout the day, 434,752 shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 351,800 shares. The stock ranged in a price between $55.01-$55.80 after having opened the day at $55.37 as compared to the previous trading day's close of $55.12. Other companies within the Chemicals industry that increased today were: Gevo ( GEVO), up 30.9%, Pure Bioscience ( PURE), up 22.8%, Metabolix ( MBLX), up 7.1%, and BioFuel Energy Corporation ( BIOF), up 6.5%.

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 $14.21 billion and is part of the basic materials sector. The company has a P/E ratio of 26.1, above the average chemicals industry P/E ratio of 24.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Tuesday. 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 negative front, Lizhan Environmental ( LZEN), down 10.5%, Clean Diesel Technologies ( CDTI), down 6.7%, Cereplast ( CERP), down 5.8%, and PetroLogistics ( PDH), down 4.4%, were all losers within the chemicals industry with Praxair ( PX) being today's chemicals industry loser.

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).
null

If you liked this article you might like

Here's Why SQM Stock Is Climbing Today

As Lithium Demand Grows, China 'Charged Up and Ready to Grow'

As Lithium Demand Grows, China 'Charged Up and Ready to Grow'

As Lithium Demand Grows, China 'Charged Up and Ready to Grow'

Today's Strong And Under The Radar Stock: Sociedad Quimica Y Minera De Chile (SQM)

Don't Miss Today's Strong And Under The Radar Stock: Sociedad Quimica Y Minera De Chile (SQM)