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

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw unusually-high trading volume on Thursday. 370,113 shares traded hands during trading, a decline of 28% from the previous session’s volume of 511,141 shares. The stock last traded at $18.4960 and had previously closed at $18.68.

Shin-Etsu Chemical Stock Up 0.8%

The company has a quick ratio of 4.60, a current ratio of 6.09 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $18.85 and its 200-day moving average is $20.71. The company has a market cap of $73.25 billion, a PE ratio of 22.23 and a beta of 1.39.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Friday, July 24th. The basic materials company reported $0.22 earnings per share for the quarter. The firm had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%. On average, analysts predict that Shin-Etsu Chemical Co. will post 0.93 EPS for the current year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical company that develops and manufactures advanced materials and specialty chemicals for industrial and technology markets. Its products are used in areas including semiconductors, electronics, construction, automotive manufacturing, healthcare, and personal care.

The company’s principal businesses include semiconductor silicon wafers, photoresists and other semiconductor-related materials, polyvinyl chloride and chlor-alkali products, silicones, rare earth magnets, synthetic quartz, cellulose derivatives, and specialty chemicals.