Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Up 5.3% – Time to Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares rose 5.3% during trading on Monday . The company traded as high as $16.0650 and last traded at $16.06. Approximately 2,578 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 509,117 shares. The stock had previously closed at $15.25.

Analyst Ratings Changes

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

Shin-Etsu Chemical Stock Performance

The company’s 50-day simple moving average is $15.37 and its 200-day simple moving average is $15.53. The stock has a market capitalization of $63.48 billion, a price-to-earnings ratio of 18.38 and a beta of 1.37. The company has a current ratio of 5.90, a quick ratio of 4.41 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.23 EPS for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. The company had revenue of $4.45 billion for the quarter. On average, analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS 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.