Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Time to Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw an uptick in trading volume on Tuesday . 1,258,553 shares were traded during trading, an increase of 110% from the previous session’s volume of 598,266 shares.The stock last traded at $19.3720 and had previously closed at $19.31.

Shin-Etsu Chemical Stock Performance

The firm has a market cap of $76.34 billion, a price-to-earnings ratio of 22.36 and a beta of 1.33. The stock has a 50-day moving average of $17.72 and a 200-day moving average of $16.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26.

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 for the quarter. The firm had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. As a group, analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 EPS for the current fiscal 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.