Shin-Etsu Chemical (OTCMKTS:SHECY) Reaches New 1-Year High at $48.91

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.91 and last traded at $48.65, with a volume of 40480 shares changing hands. The stock had previously closed at $47.48.

Separately, Zacks Investment Research cut Shin-Etsu Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, July 28th.

The stock has a market capitalization of $79.43 billion, a P/E ratio of 26.33 and a beta of 1.02. The company has a current ratio of 5.64, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $42.51 and a two-hundred day simple moving average of $42.54.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Tuesday, July 27th. The basic materials company reported $0.53 earnings per share for the quarter. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Shin-Etsu Chemical had a return on equity of 11.36% and a net margin of 20.35%. As a group, analysts forecast that Shin-Etsu Chemical Co., Ltd. will post 2.24 earnings per share for the current fiscal year.

About Shin-Etsu Chemical (OTCMKTS:SHECY)

Shin-Etsu Chemical Co, Ltd. engages in the manufacture and sale of industrial chemicals. Its operations are carried out through the following segments: Polyvinyl Chloride (PVC)/Chlor-Alkali Business, Silicone Business, Specialty Chemicals Business, Semiconductor Silicon Business, Electronics and Functional Materials Business, and Diversified Business.

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