Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 52-Week High – Should You Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $17.94 and last traded at $17.90, with a volume of 35500 shares changing hands. The stock had previously closed at $17.33.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

The stock has a market capitalization of $70.75 billion, a PE ratio of 20.48 and a beta of 1.35. The firm’s fifty day moving average price is $15.35 and its two-hundred day moving average price is $15.57. The company has a quick ratio of 4.41, a current ratio of 5.90 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Friday, October 24th. The basic materials company reported $0.23 EPS for the quarter. The business had revenue of $4.45 billion during the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. On average, equities 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.