Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up - Here's What Happened

Key Points

• Shin-Etsu Chemical stock gapped up from $15.26 to $16.17 before market opening, and last traded at $15.44 with a volume of 12,470 shares.
• The company reported earnings of $0.22 per share for the last quarter, surpassing estimates of $0.21, with a net margin of 19.94% and revenue of $4.35 billion.
• Shin-Etsu Chemical has a market cap of $61.26 billion and a P/E ratio of 17.53, indicating strong financial performance in its sector.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $15.26, but opened at $16.17. Shin-Etsu Chemical shares last traded at $15.44, with a volume of 12,470 shares trading hands.

Shin-Etsu Chemical Price Performance

The stock's 50-day moving average is $15.61 and its 200 day moving average is $15.18. The stock has a market capitalization of $61.91 billion, a PE ratio of 17.72 and a beta of 1.33. The company has a quick ratio of 4.81, a current ratio of 6.48 and a debt-to-equity ratio of 0.06.

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, beating 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 for the quarter. As a group, equities analysts predict that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current 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.