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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.01 and traded as low as $18.16. Shin-Etsu Chemical shares last traded at $18.33, with a volume of 596,491 shares trading hands.

Shin-Etsu Chemical Price Performance

The stock has a 50-day moving average price of $20.24 and a 200-day moving average price of $20.01. The company has a market capitalization of $73.38 billion, a price-to-earnings ratio of 21.56 and a beta of 1.21.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 11.41% and a net margin of 20.59%. The business had revenue of $4.49 billion during the quarter. Equities analysts forecast that Shin-Etsu Chemical Co., Ltd. will post 0.92 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.