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

Key Points

• New 52-week high: Shin-Etsu reached a new 52-week high, trading as high as $24.14 (last $23.48) on volume of about 208,320 shares, and was up roughly 2.7% that session.
• Analyst view & recent results: The consensus rating is "Hold" (Zacks recently set it to Hold); the company reported Q1 EPS of $0.17 on $4.08 billion in revenue and sell-side analysts expect roughly $0.93 EPS for the fiscal year.
• Solid fundamentals but premium valuation: Market cap is about $93.22 billion with a PE of 27.95, a very low debt-to-equity ratio (0.05) and strong liquidity (current ratio 6.26, quick ratio 4.66), while 50- and 200-day moving averages ($20.44/$17.58) show upward momentum.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) reached a new 52-week high 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Shin-Etsu Chemical to a "hold" rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Shin-Etsu Chemical Stock Up 2.7%

The company has a 50-day moving average of $20.44 and a two-hundred day moving average of $17.58. The company has a market capitalization of $93.22 billion, a PE ratio of 27.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The business had revenue of $4.08 billion for the quarter. Sell-side analysts anticipate that Shin-Etsu Chemical Co. will post 0.93 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.

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