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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.56 and traded as high as $15.98. Shin-Etsu Chemical shares last traded at $15.66, with a volume of 170,003 shares changing hands.

Shin-Etsu Chemical Stock Performance

The company has a market capitalization of $62.17 billion, a P/E ratio of 17.40 and a beta of 1.34. The company has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $15.93.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings data on Friday, April 25th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $4.14 billion for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. As a group, sell-side analysts forecast that Shin-Etsu Chemical Co., Ltd. will post 0.86 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

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.