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

Key Points

• Shares gapped down pre-market, opening at $19.70 after a $20.77 close; the stock last traded at $20.44 with about 153,929 shares changing hands.
• Analyst view remains cautious: Zacks upgraded the stock to a “Hold” and the consensus rating on MarketBeat is Hold, with analysts forecasting about 0.86 EPS for the current fiscal year.
• Fundamentals show scale and strength: market cap ~$82.2B and PE 24.08, strong liquidity (quick ratio 4.66, current ratio 6.26) and low leverage (debt/equity 0.05); last quarter EPS was $0.22 on $4.22B revenue with a net margin of 18.96%.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $20.77, but opened at $19.70. Shin-Etsu Chemical shares last traded at $20.44, with a volume of 153,929 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Shin-Etsu Chemical to a "hold" rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Shin-Etsu Chemical Stock Down 0.3%

The business's fifty day moving average price is $18.96 and its 200 day moving average price is $16.92. The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $82.22 billion, a PE ratio of 24.08 and a beta of 1.28.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The business had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. On average, equities research analysts forecast that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.

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