Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Time to Buy?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw strong trading volume on Friday . 525,719 shares traded hands during trading, a decline of 9% from the previous session’s volume of 577,871 shares.The stock last traded at $22.21 and had previously closed at $21.90.

Analysts Set New Price Targets

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

Shin-Etsu Chemical Stock Down 0.4%

The company’s 50 day moving average price is $19.63 and its two-hundred day moving average price is $17.19. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $86.59 billion, a P/E ratio of 25.36 and a beta of 1.28.

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 for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The firm had revenue of $4.22 billion for the quarter. Equities analysts forecast that Shin-Etsu Chemical Co. will post 0.86 earnings per share 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.