Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up – Time to Buy?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped up prior to trading on Friday . The stock had previously closed at $17.75, but opened at $18.69. Shin-Etsu Chemical shares last traded at $17.86, with a volume of 91,667 shares.

Analysts Set New Price Targets

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, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Up 0.5%

The company has a market capitalization of $70.84 billion, a PE ratio of 20.51 and a beta of 1.35. 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’s 50-day moving average is $15.42 and its 200 day moving average is $15.58.

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