Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up – Still a Buy?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped up prior to trading on Wednesday . The stock had previously closed at $15.67, but opened at $16.36. Shin-Etsu Chemical shares last traded at $15.66, with a volume of 14,851 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Shin-Etsu Chemical currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Down 0.1%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.41 and a current ratio of 5.90. The firm has a market cap of $62.13 billion, a price-to-earnings ratio of 17.99 and a beta of 1.37. The business’s 50 day moving average price is $15.20 and its 200 day moving average price 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 (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. The firm had revenue of $4.45 billion for the quarter. On average, equities analysts forecast that Shin-Etsu Chemical Co. will post 0.86 EPS for the current 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.