Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECYGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.68 and traded as low as $15.00. Shin-Etsu Chemical shares last traded at $15.17, with a volume of 699,335 shares trading hands.

Shin-Etsu Chemical Stock Down 1.3 %

The company’s 50-day simple moving average is $15.55 and its 200 day simple moving average is $17.67. The company has a market capitalization of $59.15 billion, a P/E ratio of 16.56 and a beta of 1.27.

Shin-Etsu Chemical (OTCMKTS:SHECYGet Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. As a group, equities research analysts forecast that Shin-Etsu Chemical Co., Ltd. will post 0.86 earnings per share for the current year.

About Shin-Etsu Chemical

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Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.

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