Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Strong Trading Volume – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw strong trading volume on Tuesday . 650,769 shares were traded 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 raised 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 data from MarketBeat, Shin-Etsu Chemical presently has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

The stock has a market cap of $70.98 billion, a price-to-earnings ratio of 20.79 and a beta of 1.36. 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 company’s fifty day moving average is $16.51 and its two-hundred day moving average is $15.80.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted 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 firm had revenue of $4.22 billion for the quarter. As a group, research analysts predict that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current year.

About Shin-Etsu Chemical

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.