Shin-Etsu Chemical (OTCMKTS:SHECY) Reaches New 12-Month Low at $28.40

Shares of Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECYGet Rating) hit a new 52-week low on Tuesday . The company traded as low as $28.40 and last traded at $28.71, with a volume of 337728 shares changing hands. The stock had previously closed at $30.17.

Separately, Mizuho raised shares of Shin-Etsu Chemical from a “neutral” rating to a “buy” rating in a research report on Monday, February 28th.

The stock has a market capitalization of $46.40 billion, a price-to-earnings ratio of 10.43 and a beta of 1.02. The business’s 50-day simple moving average is $33.99 and its two-hundred day simple moving average is $38.09.

Shin-Etsu Chemical (OTCMKTS:SHECYGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $5.08 billion for the quarter. Shin-Etsu Chemical had a net margin of 24.09% and a return on equity of 15.46%. Research analysts predict that Shin-Etsu Chemical Co., Ltd. will post 3.48 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile (OTCMKTS:SHECY)

Shin-Etsu Chemical Co, Ltd. engages in the polyvinyl chloride (PVC)/chlor-alkali, semiconductor silicon, silicones, electronics and functional materials, specialty chemicals, processing, and trading and specialized businesses worldwide. It offers PVC for use in PVC pipes, plastic greenhouses, electric wire coating materials, PVC-framed windows, and siding materials; caustic soda for use in alumina, paper and pulp, cathode materials, and super-absorbent polymers; and sodium hypochlorite.

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