News Snapshot:
Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $26.10, but opened at $24.68. Sinopec Shanghai Petrochemical shares last traded at $24.68, with a volume of 1 shares. Separately, Zacks Investment Research lowered Sinopec Shanghai Petrochemical from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 31st. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 4.96 and a beta of 0.75. The stock has a 50 day moving average price of $22.61 and a two-hundred...
