Shin-Etsu Chemical (OTCMKTS:SHECY) Trading 5.3% Higher – Here’s Why

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price shot up 5.3% during mid-day trading on Monday . The stock traded as high as $16.0650 and last traded at $16.06. 2,578 shares changed hands during trading, a decline of 99% from the average session volume of 509,117 shares. The stock had previously closed at $15.25.

Analyst Upgrades and Downgrades

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

Shin-Etsu Chemical Stock Down 4.2%

The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.41. The stock has a market cap of $61.10 billion, a price-to-earnings ratio of 17.69 and a beta of 1.37. The firm has a 50 day simple moving average of $15.31 and a two-hundred day simple moving average of $15.53.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. The company had revenue of $4.45 billion for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. As a group, sell-side analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS for the current year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.