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.

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) 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 Trading Up 1.1%

The firm has a 50 day moving average of $15.62 and a 200-day moving average of $15.20. The company has a market cap of $61.26 billion, a P/E ratio of 17.53 and a beta of 1.33.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Shin-Etsu Chemical had a return on equity of 10.77% and a net margin of 19.94%. The business had revenue of $4.35 billion for the quarter. Equities analysts predict that Shin-Etsu Chemical Co. will post 0.86 EPS 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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