Shin-Etsu Chemical (OTCMKTS:SHECY) Sets New 1-Year High – Still a Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) reached a new 52-week high on Thursday . The stock traded as high as $24.14 and last traded at $23.48, with a volume of 208320 shares changing hands. The stock had previously closed at $22.86.

Analyst Ratings Changes

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Shin-Etsu Chemical Trading Down 0.5%

The firm’s 50-day moving average is $20.54 and its 200 day moving average is $17.64. 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 firm has a market capitalization of $95.56 billion, a price-to-earnings ratio of 28.65 and a beta of 1.31.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. The business had revenue of $4.08 billion for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. On average, equities analysts predict that Shin-Etsu Chemical Co. will post 0.93 earnings per share for the current fiscal 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.