Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 52-Week High - Still a Buy?

Key Points

• Shares hit a new 52-week high — Shin-Etsu traded as high as $23.28 (last $23.14) on volume of 301,315, trading above its 50-day ($20.26) and 200-day ($17.47) moving averages.
• Analyst stance is cautious: Zacks recently raised the stock to a "Hold" and MarketBeat's consensus rating is also "Hold," reflecting limited bullish conviction from analysts.
• Solid fundamentals: the company shows very strong liquidity (current ratio 6.26, quick ratio 4.66), minimal leverage (debt/equity 0.05), a $91.87B market cap and P/E of 27.55; latest quarter revenue was $4.08B with $0.17 EPS and analysts expect about 0.93 EPS for the year.

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $23.28 and last traded at $23.14, with a volume of 301315 shares trading hands. The stock had previously closed at $21.35.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Shin-Etsu Chemical to a "hold" rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Shin-Etsu Chemical has an average rating of "Hold".

Shin-Etsu Chemical Price Performance

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 market cap of $91.87 billion, a price-to-earnings ratio of 27.55 and a beta of 1.28. The stock has a 50-day moving average of $20.26 and a two-hundred day moving average of $17.47.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share 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 during the quarter. On average, analysts anticipate that Shin-Etsu Chemical Co. will post 0.93 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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