Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down - Time to Sell?

Key Points

• Shin-Etsu Chemical's shares gapped down from a previous closing price of $15.11 to an opening price of $14.49, with the last trade noted at $14.92.
• Zacks Research has downgraded the company's rating from "hold" to "strong sell", contributing to the stock's consensus rating of "Sell".
• The company reported earnings of $0.22 per share for the latest quarter, slightly exceeding analyst estimates, with projected earnings of $0.86 per share for the current fiscal year.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $15.11, but opened at $14.49. Shin-Etsu Chemical shares last traded at $14.92, with a volume of 18,548 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered Shin-Etsu Chemical from a "hold" rating to a "strong sell" rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Shin-Etsu Chemical currently has a consensus rating of "Sell".

Shin-Etsu Chemical Trading Down 1.3%

The business has a 50 day moving average of $15.52 and a 200 day moving average of $15.18. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.48 and a quick ratio of 4.81. The firm has a market capitalization of $59.18 billion, a price-to-earnings ratio of 16.94 and a beta of 1.36.

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 for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $4.35 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.90% and a net margin of 19.94%. As a group, research analysts predict 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 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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