Shin-Etsu Chemical (OTCMKTS:SHECY) Sets New 12-Month High – Should You Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.94 and last traded at $17.90, with a volume of 35500 shares changing hands. The stock had previously closed at $17.33.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Shin-Etsu Chemical presently has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

The company has a quick ratio of 4.41, a current ratio of 5.90 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $71.10 billion, a price-to-earnings ratio of 20.59 and a beta of 1.35. The company has a fifty day moving average price of $15.48 and a two-hundred day moving average price of $15.59.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, October 24th. The basic materials company reported $0.23 EPS 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, equities research analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS 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.