Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 52-Week High – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $18.75 and last traded at $18.10, with a volume of 1956 shares changing hands. The stock had previously closed at $17.85.

Analysts Set New Price Targets

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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Up 1.4%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The stock has a 50-day moving average of $16.75 and a two-hundred day moving average of $15.88. The company has a market cap of $74.04 billion, a P/E ratio of 21.69 and a beta of 1.36.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share 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 during the quarter. On average, research analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 EPS 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.