Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $22.53 and traded as low as $21.68. Shin-Etsu Chemical shares last traded at $22.4250, with a volume of 410,978 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, Based on data from MarketBeat.com, Shin-Etsu Chemical currently has a consensus rating of “Hold”.

Shin-Etsu Chemical Trading Down 1.5%

The firm’s 50-day moving average is $22.53 and its 200 day moving average is $19.47. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $89.03 billion, a price-to-earnings ratio of 26.70 and a beta of 1.30.

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