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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY)’s share price passed 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.

Shin-Etsu Chemical Stock Performance

The company’s 50 day simple moving average is $15.58 and its 200-day simple moving average is $17.68. The firm has a market capitalization of $60.22 billion, a PE ratio of 16.86 and a beta of 1.27.

Shin-Etsu Chemical (OTCMKTS:SHECY) 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 return on equity of 11.27% and a net margin of 21.64%. On average, equities research analysts forecast that Shin-Etsu Chemical Co., Ltd. will post 0.86 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

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.