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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $24.14 and last traded at $23.48, with a volume of 208320 shares changing hands. The stock had previously closed at $22.86.

Wall Street Analysts Forecast Growth

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

Shin-Etsu Chemical Stock Up 2.7%

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 company has a fifty day moving average price of $20.44 and a 200-day moving average price of $17.58. The stock has a market capitalization of $93.22 billion, a P/E ratio of 27.95 and a beta of 1.31.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The firm had revenue of $4.08 billion for the quarter. As a group, research 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.