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

by · The Cerbat Gem

Shin-Etsu Chemical Co. (OTCMKTS:SHECY – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $16.06, but opened at $15.27. Shin-Etsu Chemical shares last traded at $15.37, with a volume of 44,287 shares changing hands.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on Shin-Etsu Chemical

Shin-Etsu Chemical Stock Performance

The company has a market cap of $61.18 billion, a price-to-earnings ratio of 17.71 and a beta of 1.37. The firm has a 50-day simple moving average of $15.27 and a 200 day simple moving average of $15.52. The company has a quick ratio of 4.41, a current ratio of 5.90 and a debt-to-equity ratio of 0.05.

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

Shin-Etsu Chemical Company Profile

(Get Free Report)

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.

Read More