Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Trading activity: Shin-Etsu saw 525,719 shares trade on Friday (down 9% from the prior session), with the stock last trading at $22.21 and roughly flat on the day (-0.2%).
• Analyst view: Zacks Research upgraded the stock to a "Hold," and MarketBeat data shows the consensus rating is currently "Hold."
• Fundamentals: The company has a market cap of $86.74 billion, a P/E of 25.41, reported $0.22 EPS and $4.22 billion in revenue for the quarter, and is known for PVC, silicones and semiconductor-grade silicon products.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) saw strong trading volume on Friday . 525,719 shares traded hands during trading, a decline of 9% from the previous session's volume of 577,871 shares.The stock last traded at $22.21 and had previously closed at $21.90.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical to a "hold" rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Shin-Etsu Chemical Stock Down 0.2%

The firm has a fifty day moving average price of $19.53 and a 200-day moving average price of $17.14. 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 firm has a market cap of $86.74 billion, a price-to-earnings ratio of 25.41 and a beta of 1.28.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last released its earnings results 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 firm had revenue of $4.22 billion during the quarter. As a group, sell-side analysts forecast that Shin-Etsu Chemical Co. will post 0.86 EPS for the current year.

About Shin-Etsu Chemical

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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