Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up — Shin‑Etsu opened at $23.20 after a $21.35 close and last traded near $23.00 on volume of ~20,347, trading above its 50‑day ($20.16) and 200‑day ($17.43) moving averages.
• Zacks upgraded the stock to a Hold, and MarketBeat reports a consensus analyst rating of Hold.
• Recent quarter showed $4.08B in revenue and $0.17 EPS with a 18.96% net margin and 10.75% ROE; the company has a $91.39B market cap, PE of 26.77, very low debt‑to‑equity (0.05) and strong liquidity (quick ratio 4.66, current ratio 6.26).

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 $21.35, but opened at $23.20. Shin-Etsu Chemical shares last traded at $23.00, with a volume of 20,347 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Shin-Etsu Chemical to a "hold" rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Shin-Etsu Chemical currently has a consensus rating of "Hold".

Shin-Etsu Chemical Price Performance

The business has a 50 day moving average price of $20.16 and a two-hundred day moving average price of $17.43. The stock has a market cap of $91.39 billion, a PE ratio of 26.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%.The firm had revenue of $4.08 billion for the quarter. Research analysts expect that Shin-Etsu Chemical Co. will post 0.77 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.

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