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

Key Points

• Shin-Etsu Chemical shares gapped down from $17.14 to open at $16.62, with the last traded price at $17.40.
• Zacks Research downgraded the stock from a "hold" to a "strong sell" rating, contributing to a consensus rating of "Sell" among analysts.
• The company reported earnings of $0.22 per share for the last quarter, exceeding expectations of $0.21, with a net margin of 19.94% and revenue of $4.35 billion.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $17.14, but opened at $16.62. Shin-Etsu Chemical shares last traded at $17.40, with a volume of 10,343 shares traded.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Shin-Etsu Chemical from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Shin-Etsu Chemical Price Performance

The firm has a market cap of $69.20 billion, a P/E ratio of 19.81 and a beta of 1.42. The company has a fifty day moving average of $15.38 and a 200-day moving average of $15.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.48 and a quick ratio of 4.81.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its earnings results on Thursday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.90%. The firm had revenue of $4.35 billion during the quarter. On average, sell-side analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 EPS for the current fiscal year.

About Shin-Etsu Chemical

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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