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BofA Merrill upgraded Sociedad Quimica y Minera (NYSE:SQM) from Neutral to Buy in a report released today.

Yesterday Sociedad Quimica y Minera (NYSE:SQM) traded 3.39% higher at $52.20. The company’s 50-day moving average is $43.91 and its 200-day moving average is $37.09. The last stock close price is up 45.52% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 630,805 shares of the stock were exchanged, down from an average trading volume of 810,606

BofA Merrill has upgraded Sociedad Quimica y Minera (NYSE:SQM) from Neutral to Buy in a report released on 09/13/2017.

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Sociedad Quimica y Minera (NYSE:SQM)

Sociedad Quimica y Minera has a 52 week low of $24.75 and a 52 week high of $54.44 with a P/E ratio of 41.64 The company’s market cap is currently $0.

About Sociedad Quimica y Minera (NYSE:SQM)

Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.

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