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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Sociedad Quimica Y Minera De Chile ( SQM) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole was unchanged today. By the end of trading, Sociedad Quimica Y Minera De Chile fell $0.33 (-1.0%) to $31.26 on average volume. Throughout the day, 903,216 shares of Sociedad Quimica Y Minera De Chile exchanged hands as compared to its average daily volume of 1,158,900 shares. The stock ranged in price between $31.21-$31.64 after having opened the day at $31.49 as compared to the previous trading day's close of $31.59. Other companies within the Chemicals industry that declined today were: Landec Corporation ( LNDC), down 11.0%, Ceres ( CERE), down 8.2%, Methes Energies International ( MEIL), down 3.4% and NL Industries ( NL), down 3.1%.

Chemical and Mining Company of Chile Inc. engages in the production and distribution of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and potassium sulfate, industrial chemicals, and other commodity fertilizers. Sociedad Quimica Y Minera De Chile has a market cap of $8.4 billion and is part of the basic materials sector. Shares are down 44.7% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Sociedad Quimica Y Minera De Chile a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the positive front, Solazyme ( SZYM), up 7.4%, China Green Agriculture ( CGA), up 7.4%, Amyris ( AMRS), up 4.3% and Aceto Corporation ( ACET), up 2.8% , were all gainers within the chemicals industry with CF Industries Holdings ( CF) being today's featured chemicals industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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