Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up – Time to Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $18.37, but opened at $19.6150. Shin-Etsu Chemical shares last traded at $19.49, with a volume of 67,893 shares traded.

Shin-Etsu Chemical Trading Up 6.1%

The business’s 50-day moving average price is $18.88 and its two-hundred day moving average price is $19.99. The company has a market capitalization of $77.38 billion, a P/E ratio of 23.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.09 and a quick ratio of 4.60.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, October 27th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.39% and a return on equity of 10.49%. As a group, analysts forecast that Shin-Etsu Chemical Co. will post 0.93 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical company that develops and manufactures advanced materials and specialty chemicals for industrial and technology markets. Its products are used in areas including semiconductors, electronics, construction, automotive manufacturing, healthcare, and personal care.

The company’s principal businesses include semiconductor silicon wafers, photoresists and other semiconductor-related materials, polyvinyl chloride and chlor-alkali products, silicones, rare earth magnets, synthetic quartz, cellulose derivatives, and specialty chemicals.