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Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Strong Trading Volume - Time to Buy?

Shin-Etsu Chemical logo with Basic Materials background

Key Points

  • Shin-Etsu Chemical saw a significant increase in trading volume, with approximately 638,759 shares traded on Tuesday, up 20% from the prior session.
  • The company's latest earnings report showed a net margin of 19.94% and earnings per share of $0.22, exceeding analysts' expectations of $0.21.
  • Shin-Etsu Chemical has a market cap of $61.99 billion and a strong liquidity position indicated by a current ratio of 6.48.
  • Five stocks to consider instead of Shin-Etsu Chemical.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) saw an uptick in trading volume on Tuesday . 638,759 shares were traded during mid-day trading, an increase of 20% from the previous session's volume of 532,673 shares.The stock last traded at $15.70 and had previously closed at $15.64.

Shin-Etsu Chemical Trading Up 0.7%

The stock has a market capitalization of $61.53 billion, a PE ratio of 17.61 and a beta of 1.33. The company has a quick ratio of 4.81, a current ratio of 6.48 and a debt-to-equity ratio of 0.06. The business's 50-day moving average is $15.59 and its two-hundred day moving average is $15.19.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.90%. The firm had revenue of $4.35 billion during the quarter. On average, analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

(Get Free Report)

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.

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