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

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw strong trading volume on Friday . 1,180,960 shares changed hands during mid-day trading, an increase of 153% from the previous session’s volume of 466,407 shares.The stock last traded at $20.38 and had previously closed at $21.21.

Analyst Upgrades and Downgrades

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

Shin-Etsu Chemical Stock Performance

The stock has a market cap of $73.41 billion, a P/E ratio of 22.28 and a beta of 1.32. The stock has a fifty day simple moving average of $22.34 and a 200-day simple moving average of $20.48. 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 announced its quarterly earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. The company had revenue of $4.16 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. Equities analysts expect that Shin-Etsu Chemical Co. will post 0.88 earnings per share 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.