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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $22.25, but opened at $21.29. Shin-Etsu Chemical shares last traded at $22.0785, with a volume of 17,870 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Performance

The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $88.53 billion, a price-to-earnings ratio of 26.55 and a beta of 1.32. The company has a 50-day moving average price of $22.54 and a 200-day moving average price of $20.36.

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