Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 changing hands.

Wall Street Analysts Forecast Growth

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, the stock has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Performance

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 stock’s 50-day moving average price is $22.54 and its 200-day moving average price is $19.52. The company has a market capitalization of $86.15 billion, a P/E ratio of 25.83 and a beta of 1.30.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data 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 firm had revenue of $4.08 billion for the quarter. As a group, equities analysts expect 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.