Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down – Time to Sell?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped down before the market opened on Monday . The stock had previously closed at $15.33, but opened at $14.80. Shin-Etsu Chemical shares last traded at $15.3405, with a volume of 12,476 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Shin-Etsu Chemical has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.41. The stock has a market capitalization of $61.28 billion, a P/E ratio of 17.74 and a beta of 1.37. The stock’s fifty day moving average is $15.23 and its 200-day moving average is $15.51.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. The company had revenue of $4.45 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.32%. On average, equities analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current 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.