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

Key Points

• Shin-Etsu Chemical Co. shares experienced a significant drop, opening at $15.35, down from a previous close of $15.98, and last traded at $15.25.
• The company has a market capitalization of $60.88 billion and reported a PE ratio of 17.43 with a beta of 1.32.
• In its latest earnings release, Shin-Etsu Chemical reported $0.22 earnings per share, exceeding analysts' expectations of $0.21, with revenues totaling $4.35 billion.
• Analysts predict that Shin-Etsu Chemical will achieve an earnings per share of 0.86 for the current fiscal year.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $15.98, but opened at $15.35. Shin-Etsu Chemical shares last traded at $15.25, with a volume of 41,766 shares changing hands.

Shin-Etsu Chemical Stock Performance

The business has a 50-day simple moving average of $15.89 and a 200 day simple moving average of $15.33. The firm has a market cap of $59.31 billion, a P/E ratio of 16.98 and a beta of 1.32.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its earnings results on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The company had revenue of $4.35 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.94%. On average, research analysts expect that Shin-Etsu Chemical Co. will post 0.86 EPS for the current 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.