Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down – Should You Sell?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped down prior to trading on Tuesday . The stock had previously closed at $16.06, but opened at $15.27. Shin-Etsu Chemical shares last traded at $15.37, with a volume of 44,287 shares.

Analyst Ratings Changes

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

Shin-Etsu Chemical Stock Performance

The firm has a market cap of $61.16 billion, a PE ratio of 17.71 and a beta of 1.37. The firm’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $15.53. The company has a current ratio of 5.90, a quick ratio of 4.41 and a debt-to-equity ratio of 0.05.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $4.45 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.32%. On average, research analysts forecast that Shin-Etsu Chemical Co. will post 0.86 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.