Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 12-Month High – Time to Buy?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) hit a new 52-week high on Thursday . The company traded as high as $20.95 and last traded at $19.9150, with a volume of 21704 shares traded. The stock had previously closed at $19.23.

Shin-Etsu Chemical Stock Up 3.6%

The stock has a market capitalization of $79.08 billion, a price-to-earnings ratio of 23.16 and a beta of 1.33. The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $17.72 and a 200 day moving average price of $16.25.

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