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

Key Points

• Shin-Etsu Chemical's share price gapped down from $15.13 to $14.43 before opening due to changes in the market, closing at $15.05 with a trading volume of 57,391 shares.
• The company reported a quarterly EPS of $0.22, exceeding the consensus estimate of $0.21, with a revenue of $4.35 billion and a net margin of 19.94%.
• Shin-Etsu Chemical has a market capitalization of $59.98 billion and a low debt-to-equity ratio of 0.06, indicating strong financial health.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.13, but opened at $14.43. Shin-Etsu Chemical shares last traded at $15.05, with a volume of 57,391 shares traded.

Shin-Etsu Chemical Trading Down 0.1%

The company has a market cap of $59.98 billion, a price-to-earnings ratio of 17.17 and a beta of 1.36. The company has a current ratio of 6.48, a quick ratio of 4.81 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average price is $15.61 and its 200 day moving average price is $15.19.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $4.35 billion during the quarter. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.90%. As a group, equities 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.

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