Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Up – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped up prior to trading on Friday . The stock had previously closed at $19.9650, but opened at $20.63. Shin-Etsu Chemical shares last traded at $19.5940, with a volume of 37,057 shares changing hands.

Shin-Etsu Chemical Price Performance

The stock has a market capitalization of $76.54 billion, a P/E ratio of 22.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The business has a fifty day simple moving average of $18.27 and a 200-day simple moving average of $16.48.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 18.96% and a return on equity of 10.75%. The company had revenue of $4.22 billion during the quarter. Sell-side analysts expect that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

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.