Shin-Etsu Chemical (OTCMKTS:SHECY) Sees Large Volume Increase – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares saw unusually-strong trading volume on Thursday. 370,113 shares were traded during mid-day 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 Performance

The company has a fifty day moving average of $18.92 and a two-hundred day moving average of $20.74. The stock has a market capitalization of $72.93 billion, a P/E ratio of 22.13 and a beta of 1.39. 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 released its earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. The company 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%. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. On average, equities analysts anticipate 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.