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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $15.16, but opened at $14.48. Shin-Etsu Chemical shares last traded at $14.8931, with a volume of 250,446 shares traded.

Wall Street Analyst Weigh In

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

Shin-Etsu Chemical Stock Up 3.4%

The company’s 50 day simple moving average is $15.50 and its 200-day simple moving average is $15.55. The company has a current ratio of 5.90, a quick ratio of 4.41 and a debt-to-equity ratio of 0.05. The firm has a market cap of $61.93 billion, a P/E ratio of 17.93 and a beta of 1.37.

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

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.