Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Still a Buy?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw unusually-strong trading volume on Wednesday . Approximately 1,100,289 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 509,540 shares.The stock last traded at $18.73 and had previously closed at $18.4450.

Shin-Etsu Chemical Stock Down 1.0%

The firm has a market cap of $73.13 billion, a P/E ratio of 22.19 and a beta of 1.35. The company’s 50-day simple moving average is $19.91 and its 200 day simple moving average is $20.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.09 and a quick ratio of 4.60.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. The firm had revenue of $4.16 billion during the quarter. Shin-Etsu Chemical had a net margin of 18.39% and a return on equity of 10.49%. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. Research analysts anticipate that Shin-Etsu Chemical Co. will post 0.88 EPS for the current fiscal year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical manufacturer headquartered in Tokyo. Founded in 1926, the company develops and produces materials used in electronics, construction, automotive, healthcare and other industries. Its operations serve customers in Japan and international markets through manufacturing and sales facilities around the world.

The company’s products include semiconductor silicon wafers, photoresists and other materials used in chip manufacturing, as well as polyvinyl chloride (PVC), silicones, specialty chemicals, cellulose derivatives and rare-earth magnets.