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

Shin-Etsu Chemical logo with Basic Materials background

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $16.14, but opened at $17.40. Shin-Etsu Chemical shares last traded at $17.03, with a volume of 178,158 shares traded.

Shin-Etsu Chemical Price Performance

The company's 50 day moving average price is $15.89 and its two-hundred day moving average price is $15.34. The stock has a market capitalization of $60.98 billion, a PE ratio of 17.45 and a beta of 1.32.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $4.35 billion for the quarter. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.77%. Analysts forecast that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

(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.

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