Shin-Etsu Chemical (OTCMKTS:SHECY) Reaches New 1-Year High – Time to Buy?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) hit a new 52-week high on Monday . The stock traded as high as $20.93 and last traded at $19.8960, with a volume of 57032 shares. The stock had previously closed at $19.11.

Analyst Ratings Changes

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

Shin-Etsu Chemical Stock Down 5.3%

The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $75.15 billion, a price-to-earnings ratio of 22.01 and a beta of 1.33. The firm has a 50 day moving average price of $17.28 and a two-hundred day moving average price of $16.09.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The firm had revenue of $4.22 billion for the quarter. On average, equities analysts expect that Shin-Etsu Chemical Co. will post 0.86 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.