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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.25, but opened at $21.29. Shin-Etsu Chemical shares last traded at $22.0785, with a volume of 17,870 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Shin-Etsu Chemical Trading Up 0.2%

The company has a market cap of $88.53 billion, a PE ratio of 26.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The company has a 50 day simple moving average of $22.54 and a two-hundred day simple moving average of $20.36.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The business had revenue of $4.08 billion for the quarter. Sell-side analysts forecast that Shin-Etsu Chemical Co. will post 0.93 EPS for the current 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.