Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down - Here's Why

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 prior to trading 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 Price Performance

The business has a 50-day moving average of $15.87 and a 200-day moving average of $15.32. The firm has a market cap of $58.58 billion, a price-to-earnings ratio of 16.77 and a beta of 1.33.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last released its earnings results on Thursday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $4.35 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.94%. As a group, equities analysts anticipate 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.