Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Unusually-High Trading Volume – Still a Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw strong trading volume on Thursday . 1,583,096 shares traded hands during trading, an increase of 214% from the previous session’s volume of 504,669 shares.The stock last traded at $15.52 and had previously closed at $15.08.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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 MarketBeat.com, the company has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Performance

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 business has a 50-day moving average of $15.51 and a 200-day moving average of $15.55. The company has a market capitalization of $61.89 billion, a P/E ratio of 17.92 and a beta of 1.37.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. The business 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%. On average, sell-side analysts anticipate 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.