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Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Unusually-High Trading Volume - Should You Buy?

Shin-Etsu Chemical logo with Basic Materials background

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 1,191,455 shares changed hands during trading, an increase of 119% from the previous session's volume of 544,698 shares.The stock last traded at $16.09 and had previously closed at $15.87.

Shin-Etsu Chemical Trading Down 3.9%

The company has a market cap of $60.98 billion, a price-to-earnings ratio of 17.45 and a beta of 1.32. The firm's fifty day simple moving average is $15.90 and its 200 day simple moving average is $15.35.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.77%. The company had revenue of $4.35 billion during the quarter. As a group, sell-side analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS for the current 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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