Shin-Etsu Chemical (OTCMKTS:SHECY) Sets New 52-Week High – Should You Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $18.72 and last traded at $18.64, with a volume of 308034 shares traded. The stock had previously closed at $17.80.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Shin-Etsu Chemical Stock Performance

The stock has a 50 day moving average of $16.35 and a 200 day moving average of $15.71. The company has a market capitalization of $73.33 billion, a price-to-earnings ratio of 21.48 and a beta of 1.36. The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. As a group, analysts predict that Shin-Etsu Chemical Co. will post 0.86 EPS for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.