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

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw strong trading volume on Tuesday . 791,337 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

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

Shin-Etsu Chemical Stock Up 3.1%

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

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. The business had revenue of $4.08 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%. Sell-side analysts predict that Shin-Etsu Chemical Co. will post 0.93 earnings per share for the current fiscal 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.