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 $21.90, but opened at $22.85. Shin-Etsu Chemical shares last traded at $22.11, with a volume of 401,634 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, Shin-Etsu Chemical currently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Up 2.7%

The firm has a fifty day simple moving average of $22.66 and a 200-day simple moving average of $20.17. The company has a market capitalization of $92.10 billion, a PE ratio of 27.62 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.

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