Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down – What’s Next?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped down prior to trading on Wednesday . The stock had previously closed at $22.77, but opened at $21.36. Shin-Etsu Chemical shares last traded at $21.8180, with a volume of 10,216 shares traded.

Wall Street Analysts Forecast Growth

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

Shin-Etsu Chemical Stock Down 0.6%

The firm has a market cap of $86.15 billion, a P/E ratio of 25.83 and a beta of 1.30. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $22.54 and a 200-day moving average price of $19.56.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data 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 firm had revenue of $4.08 billion during the quarter. On average, equities analysts forecast that Shin-Etsu Chemical Co. will post 0.93 EPS for the current fiscal 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.