Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped up before the market opened on Monday . The stock had previously closed at $18.39, but opened at $19.29. Shin-Etsu Chemical shares last traded at $18.8075, with a volume of 8,433 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Shin-Etsu Chemical currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Price Performance

The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $16.75 and a 200-day moving average price of $15.90. The firm has a market cap of $74.04 billion, a PE ratio of 21.69 and a beta of 1.36.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The firm had revenue of $4.22 billion for the quarter. Research analysts forecast that Shin-Etsu Chemical Co. will post 0.86 EPS 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.