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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw strong trading volume on Thursday . 1,111,898 shares were traded during trading, an increase of 78% from the previous session’s volume of 625,726 shares.The stock last traded at $16.5240 and had previously closed at $16.90.

Analyst Upgrades and Downgrades

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

Shin-Etsu Chemical Trading Up 2.3%

The company’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $15.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.41. The firm has a market cap of $66.78 billion, a price-to-earnings ratio of 19.56 and a beta of 1.36.

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