Shin-Etsu Chemical (OTCMKTS:SHECY) Sets New 12-Month High – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.72 and last traded at $18.64, with a volume of 308034 shares changing hands. The stock had previously closed at $17.80.

Analysts Set New Price Targets

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

Shin-Etsu Chemical Stock Down 1.7%

The business’s 50 day simple moving average is $16.46 and its 200-day simple moving average is $15.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The company has a market cap of $72.10 billion, a price-to-earnings ratio of 21.12 and a beta of 1.36.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data 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 business had revenue of $4.22 billion during the quarter. Sell-side analysts expect that Shin-Etsu Chemical Co. 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.