Shin-Etsu Chemical (OTCMKTS:SHECY) Sets New 12-Month High – Here’s What Happened

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.13 and last traded at $20.67, with a volume of 134866 shares. The stock had previously closed at $20.35.

Shin-Etsu Chemical Stock Up 1.9%

The firm has a market cap of $82.36 billion, a price-to-earnings ratio of 24.12 and a beta of 1.33. The business has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $16.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%.The firm had revenue of $4.22 billion for the quarter. As a group, equities analysts forecast 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.