Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 12-Month High - What's Next?

Key Points

• Shin-Etsu Chemical hit a new 52-week high intraday, trading as high as $21.2750 and last at $20.69 on a volume of 316,606 shares.
• The company displays strong liquidity and low leverage (current ratio 6.26, quick ratio 4.66, debt-to-equity 0.05) with a market cap of $81.36B, a P/E of 23.83, quarterly revenue of $4.22B and EPS of $0.22; analysts project about 0.86 EPS for the year.
• Shin-Etsu is a major Japanese chemical producer of PVC, silicones and semiconductor-grade silicon, serving both commodity markets and higher-margin electronics and photovoltaic customers.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.2750 and last traded at $20.69, with a volume of 316606 shares changing hands. The stock had previously closed at $20.69.

Shin-Etsu Chemical Trading Down 0.9%

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 firm has a 50-day moving average price of $18.79 and a 200-day moving average price of $16.86. The company has a market capitalization of $81.36 billion, a price-to-earnings ratio of 23.83 and a beta of 1.28.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%.The company had revenue of $4.22 billion for the quarter. As a group, sell-side analysts predict 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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