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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped up before the market opened on Friday . The stock had previously closed at $20.86, but opened at $22.5050. Shin-Etsu Chemical shares last traded at $22.43, with a volume of 8,698 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Shin-Etsu Chemical to a “hold” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Shin-Etsu Chemical currently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Performance

The business has a 50-day simple moving average of $22.14 and a 200 day simple moving average of $19.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The firm has a market cap of $89.97 billion, a PE ratio of 26.98 and a beta of 1.30.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The firm had revenue of $4.08 billion during the quarter. Equities research analysts forecast that Shin-Etsu Chemical Co. will post 0.93 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.