Shin-Etsu Chemical (OTCMKTS:SHECY) Releases Quarterly Earnings Results

Shin-Etsu Chemical (OTCMKTS:SHECY) released its quarterly earnings results on Tuesday. The basic materials company reported $0.17 earnings per share for the quarter, Zacks reports. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%.

Shin-Etsu Chemical Trading Up 2.4%

OTCMKTS SHECY opened at $21.71 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. Shin-Etsu Chemical has a twelve month low of $13.64 and a twelve month high of $22.52. The stock has a market cap of $86.19 billion, a price-to-earnings ratio of 25.24 and a beta of 1.28. The firm’s 50 day moving average price is $20.03 and its two-hundred day moving average price is $17.37.

Analysts Set New Price Targets

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

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.