Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 52-Week High – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.95 and last traded at $19.9150, with a volume of 21704 shares trading hands. The stock had previously closed at $19.23.

Shin-Etsu Chemical Price Performance

The stock has a market capitalization of $79.08 billion, a P/E ratio of 23.16 and a beta of 1.33. The business has a fifty day simple moving average of $17.72 and a 200 day simple moving average of $16.25. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05.

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

About Shin-Etsu Chemical

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.