Shin-Etsu Chemical (OTCMKTS:SHECY) Releases Earnings Results

Shin-Etsu Chemical (OTCMKTS:SHECY) released its earnings results on Tuesday. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.32%.

Shin-Etsu Chemical Trading Down 0.6%

OTCMKTS:SHECY opened at $17.74 on Tuesday. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $18.69. The company has a current ratio of 5.90, a quick ratio of 4.41 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $15.83 and its 200 day moving average is $15.64. The stock has a market capitalization of $70.43 billion, a PE ratio of 20.39 and a beta of 1.35.

Analysts Set New Price Targets

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

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.