Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up – Still a Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $18.75, but opened at $20.06. Shin-Etsu Chemical shares last traded at $19.60, with a volume of 11,166 shares changing hands.

Shin-Etsu Chemical Price Performance

The firm has a 50-day moving average of $18.48 and a 200 day moving average of $16.65. The company has a market capitalization of $77.93 billion, a PE ratio of 22.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. The business had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. As a group, research analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

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.