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

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped down prior to trading on Monday . The stock had previously closed at $21.81, but opened at $20.71. Shin-Etsu Chemical shares last traded at $21.32, with a volume of 281,675 shares changing hands.

Analysts Set New Price Targets

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

Shin-Etsu Chemical Price Performance

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 market cap of $82.97 billion, a PE ratio of 24.30 and a beta of 1.28. The company’s 50-day simple moving average is $19.79 and its 200 day simple moving average is $17.25.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The company had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. On average, sell-side analysts predict that Shin-Etsu Chemical Co. will post 0.77 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

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.