Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.58 and traded as high as $24.38. Shin-Etsu Chemical shares last traded at $24.17, with a volume of 347,537 shares traded.

Wall Street Analyst Weigh In

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

Shin-Etsu Chemical Price Performance

The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $95.95 billion, a PE ratio of 28.77 and a beta of 1.31. The company has a 50-day moving average of $21.58 and a 200 day moving average of $18.47.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The firm had revenue of $4.08 billion during the quarter. Sell-side analysts predict that Shin-Etsu Chemical Co. will post 0.93 EPS for the current 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.