Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw unusually-high trading volume on Wednesday . 1,100,289 shares changed hands during trading, an increase of 116% from the previous session’s volume of 509,540 shares.The stock last traded at $18.73 and had previously closed at $18.4450.

Shin-Etsu Chemical Stock Performance

The stock has a fifty day moving average of $20.04 and a 200-day moving average of $20.90. The firm has a market capitalization of $74.42 billion, a P/E ratio of 22.58 and a beta of 1.35. The company has a quick ratio of 4.60, a current ratio of 6.09 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. The firm had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%.Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. On average, research analysts anticipate that Shin-Etsu Chemical Co. will post 0.88 EPS for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical manufacturer headquartered in Tokyo. Founded in 1926, the company develops and produces materials used in electronics, construction, automotive, healthcare and other industries. Its operations serve customers in Japan and international markets through manufacturing and sales facilities around the world.

The company’s products include semiconductor silicon wafers, photoresists and other materials used in chip manufacturing, as well as polyvinyl chloride (PVC), silicones, specialty chemicals, cellulose derivatives and rare-earth magnets.