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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped up before the market opened on Thursday . The stock had previously closed at $18.4450, but opened at $19.15. Shin-Etsu Chemical shares last traded at $18.49, with a volume of 910,091 shares.

Shin-Etsu Chemical Stock Performance

The stock has a fifty day simple moving average of $19.97 and a two-hundred day simple moving average of $20.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.60 and a current ratio of 6.09. The stock has a market capitalization of $73.96 billion, a price-to-earnings ratio of 22.45 and a beta of 1.35.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. The business had revenue of $4.16 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%.Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. Analysts forecast that Shin-Etsu Chemical Co. will post 0.88 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical manufacturer headquartered in Tokyo. Founded in 1926, the company develops and produces materials used in electronics, construction, automotive, healthcare and other industries. Its operations serve customers in Japan and international markets through manufacturing and sales facilities around the world.

The company’s products include semiconductor silicon wafers, photoresists and other materials used in chip manufacturing, as well as polyvinyl chloride (PVC), silicones, specialty chemicals, cellulose derivatives and rare-earth magnets.