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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped down before the market opened on Friday . The stock had previously closed at $16.90, but opened at $15.70. Shin-Etsu Chemical shares last traded at $16.49, with a volume of 469,619 shares.

Analyst Ratings Changes

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, Based on data from MarketBeat.com, Shin-Etsu Chemical currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Trading Up 1.6%

The firm has a market capitalization of $66.28 billion, a price-to-earnings ratio of 19.41 and a beta of 1.36. The business’s 50 day moving average price is $16.16 and its 200-day moving average price is $15.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.41.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. The company had revenue of $4.22 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. Equities 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.