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.

Analyst Upgrades and Downgrades

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 presently has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

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 stock has a market capitalization of $89.97 billion, a P/E ratio of 26.98 and a beta of 1.30. The business’s 50 day moving average price is $22.14 and its 200 day moving average price is $19.01.

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