Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down – Should You Sell?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.23, but opened at $14.71. Shin-Etsu Chemical shares last traded at $15.26, with a volume of 47,209 shares.

Analysts Set New Price Targets

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

Shin-Etsu Chemical Stock Up 0.4%

The company has a market capitalization of $60.70 billion, a P/E ratio of 17.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.41. The company has a 50 day moving average of $15.46 and a 200-day moving average of $15.54.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.32%.The business had revenue of $4.45 billion during the quarter. As a group, equities analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 EPS for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.