Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Price Down 7% – Here’s Why

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price dropped 7% during trading on Tuesday . The stock traded as low as $16.40 and last traded at $16.50. Approximately 32,318 shares traded hands during trading, a decline of 94% from the average daily volume of 581,198 shares. The stock had previously closed at $17.74.

Analyst Ratings Changes

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

Shin-Etsu Chemical Stock Down 4.5%

The company’s fifty day simple moving average is $15.83 and its 200-day simple moving average is $15.64. The firm has a market capitalization of $67.29 billion, a PE ratio of 19.48 and a beta of 1.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.41.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.32%. On average, analysts forecast that Shin-Etsu Chemical Co. will post 0.86 EPS 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.