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Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up - Still a Buy?

Shin-Etsu Chemical logo with Basic Materials background

Key Points

  • Shin-Etsu Chemical shares surged from a previous closing of $14.40 to an opening price of $15.27, and last traded at $14.73 with a volume of 31,534 shares.
  • The company reported an earnings per share (EPS) of $0.22 for the last quarter, exceeding estimates of $0.21, with a revenue of $4.35 billion.
  • Shin-Etsu Chemical has a market capitalization of $58.56 billion and a price-to-earnings ratio of 16.76, indicating strong financial performance in the basic materials sector.
  • Want stock alerts on Shin-Etsu Chemical? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $14.40, but opened at $15.27. Shin-Etsu Chemical shares last traded at $14.73, with a volume of 31,534 shares changing hands.

Shin-Etsu Chemical Price Performance

The company has a market capitalization of $59.96 billion, a PE ratio of 17.16 and a beta of 1.33. The firm's fifty day simple moving average is $15.69 and its 200 day simple moving average is $15.24.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.22 earnings per share 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 10.77%. The business had revenue of $4.35 billion during the quarter. On average, equities research analysts anticipate that Shin-Etsu Chemical Co. will post 0.86 EPS for the current fiscal year.

About Shin-Etsu Chemical

(Get Free Report)

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.

Further Reading

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