Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Still a Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw unusually-high trading volume on Friday . Approximately 525,719 shares traded hands during trading, a decline of 9% from the previous session’s volume of 577,871 shares.The stock last traded at $22.21 and had previously closed at $21.90.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 data from MarketBeat, the company presently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Down 0.2%

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 $86.74 billion, a price-to-earnings ratio of 25.41 and a beta of 1.28. The firm has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $17.14.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The firm had revenue of $4.22 billion for the quarter. On average, equities analysts expect that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current fiscal 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.