Shin-Etsu Chemical (OTCMKTS:SHECY) Raised to “Hold” at Zacks Research

Shin-Etsu Chemical (OTCMKTS:SHECY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Shin-Etsu Chemical Trading Down 0.2%

SHECY opened at $14.90 on Tuesday. The company’s 50 day moving average price is $15.75 and its two-hundred day moving average price is $15.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.48 and a quick ratio of 4.81. The firm has a market capitalization of $59.15 billion, a price-to-earnings ratio of 17.13 and a beta of 1.44. Shin-Etsu Chemical has a fifty-two week low of $11.88 and a fifty-two week high of $19.86.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $4.45 billion during the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.69%. As a group, research analysts predict that Shin-Etsu Chemical will post 0.86 earnings per share for the current year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.