Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Strong Trading Volume – Time to Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw unusually-strong trading volume on Thursday . Approximately 785,937 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 528,060 shares.The stock last traded at $23.9720 and had previously closed at $24.20.

Analyst Ratings Changes

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

Shin-Etsu Chemical Stock Down 2.0%

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 stock’s 50-day moving average is $21.85 and its 200-day moving average is $18.69. The company has a market cap of $94.19 billion, a price-to-earnings ratio of 28.24 and a beta of 1.30.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The company had revenue of $4.08 billion for the quarter. On average, analysts anticipate 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.