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

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped down prior to trading on Wednesday . The stock had previously closed at $23.78, but opened at $22.70. Shin-Etsu Chemical shares last traded at $23.48, with a volume of 35,499 shares changing hands.

Wall Street Analyst Weigh In

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

Shin-Etsu Chemical Stock Performance

The firm has a market capitalization of $93.26 billion, a price-to-earnings ratio of 27.96 and a beta of 1.31. The company has a fifty day moving average of $20.82 and a two-hundred day moving average of $17.80. 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 released 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 return on equity of 10.67% and a net margin of 18.50%.The business had revenue of $4.08 billion during the quarter. As a group, equities research analysts predict that Shin-Etsu Chemical Co. will post 0.93 earnings per share 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.