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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $18.37, but opened at $19.6150. Shin-Etsu Chemical shares last traded at $19.49, with a volume of 67,893 shares trading hands.

Shin-Etsu Chemical Stock Performance

The stock has a market capitalization of $77.38 billion, a price-to-earnings ratio of 23.48 and a beta of 1.39. The company has a current ratio of 6.09, a quick ratio of 4.60 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $18.88 and its two-hundred day moving average is $19.99.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its earnings results on Tuesday, October 27th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.49% and a net margin of 18.39%. Analysts expect that Shin-Etsu Chemical Co. will post 0.93 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical company that develops and manufactures advanced materials and specialty chemicals for industrial and technology markets. Its products are used in areas including semiconductors, electronics, construction, automotive manufacturing, healthcare, and personal care.

The company’s principal businesses include semiconductor silicon wafers, photoresists and other semiconductor-related materials, polyvinyl chloride and chlor-alkali products, silicones, rare earth magnets, synthetic quartz, cellulose derivatives, and specialty chemicals.