Shin-Etsu Chemical (OTCMKTS:SHECY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.64 and traded as low as $21.3630. Shin-Etsu Chemical shares last traded at $21.90, with a volume of 228,288 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Up 4.2%

The firm has a market cap of $90.60 billion, a P/E ratio of 27.17 and a beta of 1.32. The firm’s fifty day moving average is $22.67 and its 200 day moving average is $20.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share for the quarter. The firm had revenue of $4.08 billion for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. As a group, equities research analysts anticipate 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 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.