Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Unusually-High Trading Volume – Here’s Why

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw strong trading volume on Tuesday . 566,700 shares changed hands during trading, an increase of 50% from the previous session’s volume of 377,633 shares.The stock last traded at $17.37 and had previously closed at $17.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Shin-Etsu Chemical Trading Down 3.0%

The stock has a market capitalization of $69.00 billion, a P/E ratio of 19.98 and a beta of 1.35. The company has a current ratio of 5.90, a quick ratio of 4.41 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $15.59.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly 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 return on equity of 10.77% and a net margin of 19.32%. On average, analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS 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.