Shin-Etsu Chemical Co. (OTCMKTS:SHECY – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $21.90, but opened at $22.85. Shin-Etsu Chemical shares last traded at $22.11, with a volume of 401,634 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Shin-Etsu Chemical
Shin-Etsu Chemical Stock Performance
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 (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The company had revenue of $4.08 billion for the quarter. Analysts predict that Shin-Etsu Chemical Co. will post 0.93 EPS 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.
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