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

Key Points

• Shares hit a new 52-week high, trading as high as $20.95 (last $19.9150) on volume of 21,704 shares and rising about 3.6% from the prior close.
• Solid fundamentals and valuation: market capitalization of $79.08 billion, P/E of 23.16, strong liquidity (quick ratio 4.66, current ratio 6.26) and very low debt-to-equity (0.05).
• Recent results and business mix: reported $0.22 EPS on $4.22 billion in quarterly revenue with ~19% net margin and 10.75% ROE; the company makes PVC, silicones and semiconductor-grade silicon, and analysts forecast about 0.86 EPS for the year.

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $20.95 and last traded at $19.9150, with a volume of 21704 shares traded. The stock had previously closed at $19.23.

Shin-Etsu Chemical Stock Up 3.6%

The stock has a market capitalization of $79.08 billion, a price-to-earnings ratio of 23.16 and a beta of 1.33. The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $17.72 and a 200 day moving average price of $16.25.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The business had revenue of $4.22 billion during the quarter. As a group, analysts forecast that Shin-Etsu Chemical Co. will post 0.86 EPS 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.

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