Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Strong Trading Volume – Should You Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw unusually-high trading volume on Tuesday . Approximately 650,769 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 638,891 shares.The stock last traded at $17.7250 and had previously closed at $18.16.

Analysts Set New Price Targets

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

Shin-Etsu Chemical Stock Performance

The company has a market capitalization of $70.98 billion, a PE ratio of 20.79 and a beta of 1.36. The firm has a 50-day moving average of $16.51 and a two-hundred day moving average of $15.80. 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 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 during the quarter. Research analysts anticipate 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.