Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up - Should You Buy?

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.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) gapped up prior to trading 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 Trading Up 0.8%

The stock's fifty day moving average price is $15.72 and its 200-day moving average price is $15.25. The firm has a market cap of $58.64 billion, a price-to-earnings ratio of 16.78 and a beta of 1.33.

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 earnings per share 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 10.77%. The company had revenue of $4.35 billion for the quarter. Analysts predict that Shin-Etsu Chemical Co. will post 0.86 earnings per share 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.