Shin-Etsu Chemical (OTCMKTS:SHECY) Reaches New 12-Month High – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) reached a new 52-week high during trading on Thursday . The stock traded as high as $18.72 and last traded at $18.64, with a volume of 308034 shares changing hands. The stock had previously closed at $17.80.

Analysts Set New Price Targets

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

Shin-Etsu Chemical Trading Up 3.8%

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 company has a market capitalization of $73.33 billion, a price-to-earnings ratio of 21.48 and a beta of 1.36. The business’s 50-day moving average price is $16.35 and its two-hundred day moving average price is $15.71.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The business had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. Research analysts predict that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current year.

About Shin-Etsu Chemical

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.