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)'s share price gapped down prior to trading 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.

Analyst Ratings Changes

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

Shin-Etsu Chemical Price Performance

The business's 50 day moving average price is $15.38 and its 200 day moving average price is $15.17. The stock has a market capitalization of $58.99 billion, a P/E ratio of 16.89 and a beta of 1.36. 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 announced its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, topping analysts' consensus estimates 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. Sell-side analysts forecast 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.