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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw strong trading volume on Thursday . 1,583,096 shares were traded during trading, an increase of 214% from the previous session’s volume of 504,669 shares.The stock last traded at $15.52 and had previously closed at $15.08.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of 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, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Trading Down 0.3%

The firm has a market cap of $61.77 billion, a P/E ratio of 17.89 and a beta of 1.37. The stock has a 50 day simple moving average of $15.50 and a 200-day simple moving average of $15.55. The company has a current ratio of 5.90, a quick ratio of 4.41 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. The company had revenue of $4.45 billion for the quarter. On average, equities research analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.