Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Gap Down – Here’s What Happened

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) gapped down before the market opened on Monday. The stock had previously closed at $19.26, but opened at $18.25. Shin-Etsu Chemical shares last traded at $19.1450, with a volume of 3,018 shares changing hands.

Shin-Etsu Chemical Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 6.09 and a quick ratio of 4.60. The company has a market capitalization of $76.18 billion, a PE ratio of 22.71 and a beta of 1.39. The firm’s fifty day simple moving average is $19.02 and its 200 day simple moving average is $20.79.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Friday, July 24th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 18.39% and a return on equity of 10.49%. The company had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. On average, research analysts predict that Shin-Etsu Chemical Co. will post 0.93 EPS for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical manufacturer founded in 1926 and headquartered in Tokyo. The company develops and produces a broad range of specialty and industrial materials used in electronics, construction, automotive, healthcare, and other manufacturing industries. Its operations serve customers in Japan and international markets through production and sales networks across Asia, North America, Europe, and other regions.

Shin-Etsu is one of the world’s major suppliers of semiconductor silicon wafers, a critical material used to manufacture integrated circuits.