Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Passes Above 50 Day Moving Average – Time to Sell?

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.14 and traded as high as $22.19. Shin-Etsu Chemical shares last traded at $21.90, with a volume of 240,413 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Shin-Etsu Chemical has a consensus rating of “Hold”.

Shin-Etsu Chemical Stock Up 5.0%

The company has a 50 day moving average price of $22.14 and a two-hundred day moving average price of $19.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The stock has a market cap of $86.94 billion, a PE ratio of 26.07 and a beta of 1.30.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. The company had revenue of $4.08 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%. Analysts expect that Shin-Etsu Chemical Co. will post 0.93 EPS for the current year.

Shin-Etsu Chemical Company Profile

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.