Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Should You Buy?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw strong trading volume on Tuesday . Approximately 791,337 shares traded hands during trading, an increase of 65% from the previous session’s volume of 479,543 shares.The stock last traded at $23.37 and had previously closed at $22.82.

Analyst Ratings Changes

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

Shin-Etsu Chemical Price Performance

The stock has a market capitalization of $92.42 billion, a PE ratio of 27.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The firm’s 50 day simple moving average is $22.65 and its 200 day simple moving average is $20.11.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The company had revenue of $4.08 billion during the quarter. As a group, equities analysts forecast that Shin-Etsu Chemical Co. will post 0.93 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.