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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw an uptick in trading volume on Thursday . 785,937 shares were traded 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.

Analysts Set New Price Targets

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Shin-Etsu Chemical presently has an average rating of “Hold”.

Shin-Etsu Chemical Trading Down 2.0%

The firm has a market cap of $94.19 billion, a price-to-earnings ratio of 28.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The business has a fifty day moving average of $21.85 and a two-hundred day moving average of $18.69.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The business had revenue of $4.08 billion for the quarter. As a group, equities analysts expect that Shin-Etsu Chemical Co. will post 0.93 earnings per share 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.