Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Passes 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 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 changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Shin-Etsu Chemical to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Shin-Etsu Chemical presently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The company’s fifty day moving average price is $22.64 and its 200 day moving average price is $20.01. The company has a market cap of $86.94 billion, a PE ratio of 26.07 and a beta of 1.32.

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. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The business had revenue of $4.08 billion for the quarter. On average, equities research analysts predict that Shin-Etsu Chemical Co. will post 0.93 earnings per share for the current 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.