Shin-Etsu Chemical (OTCMKTS:SHECY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Shin-Etsu Chemical (OTCMKTS:SHECY) to a hold rating in a research note published on Tuesday,Zacks.com reports.

Shin-Etsu Chemical Stock Up 0.2%

Shin-Etsu Chemical stock opened at $20.77 on Tuesday. Shin-Etsu Chemical has a 1-year low of $12.50 and a 1-year high of $21.28. The firm has a market capitalization of $82.46 billion, a price-to-earnings ratio of 24.15 and a beta of 1.28. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $16.92.

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