Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Unusually-High Trading Volume – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw unusually-high trading volume on Thursday . Approximately 785,937 shares changed hands during trading, an increase of 49% from the previous session’s volume of 528,060 shares.The stock last traded at $23.9720 and had previously closed at $24.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Shin-Etsu Chemical Trading Down 7.6%

The firm’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $18.77. 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 firm has a market cap of $87.49 billion, a P/E ratio of 26.24 and a beta of 1.30.

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