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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped down before the market opened on Monday . The stock had previously closed at $15.33, but opened at $14.80. Shin-Etsu Chemical shares last traded at $15.3405, with a volume of 12,476 shares changing hands.

Analyst Ratings Changes

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

Shin-Etsu Chemical Price Performance

The company has a fifty day moving average price of $15.23 and a two-hundred day moving average price of $15.51. 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 capitalization of $61.28 billion, a PE ratio of 17.74 and a beta of 1.37.

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