Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down – Time to Sell?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.67, but opened at $15.02. Shin-Etsu Chemical shares last traded at $15.71, with a volume of 354,933 shares.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Shin-Etsu Chemical has an average rating of “Hold”.

Shin-Etsu Chemical Stock Up 0.3%

The firm’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $15.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.41 and a current ratio of 5.90. The company has a market capitalization of $62.41 billion, a price-to-earnings ratio of 18.07 and a beta of 1.37.

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