Shin-Etsu Chemical (OTCMKTS:SHECY) Posts Quarterly Earnings Results

Shin-Etsu Chemical (OTCMKTS:SHECY) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.22 EPS for the quarter, Zacks reports. The business had revenue of $4.22 billion for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.62%.

Shin-Etsu Chemical Stock Down 8.0%

SHECY stock opened at $15.81 on Thursday. The company has a market cap of $62.77 billion, a price-to-earnings ratio of 18.17 and a beta of 1.35. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $18.69. The business has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $15.65. The company has a quick ratio of 4.41, a current ratio of 5.90 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.