Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $18.97 and traded as high as $19.0625. Shin-Etsu Chemical shares last traded at $18.70, with a volume of 283,377 shares changing hands.

Shin-Etsu Chemical Stock Down 0.6%

The company has a fifty day simple moving average of $18.92 and a two-hundred day simple moving average of $20.74. The firm has a market capitalization of $73.72 billion, a PE ratio of 22.37 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.60 and a current ratio of 6.09.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Friday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.39% and a return on equity of 10.49%. The company had revenue of $4.16 billion for the quarter. Shin-Etsu Chemical has set its FY 2027 guidance at 0.450-0.450 EPS. Analysts forecast that Shin-Etsu Chemical Co. will post 0.93 EPS for the current fiscal year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. is a Japanese chemical company that develops and manufactures advanced materials and specialty chemicals for industrial and technology markets. Its products are used in areas including semiconductors, electronics, construction, automotive manufacturing, healthcare, and personal care.

The company’s principal businesses include semiconductor silicon wafers, photoresists and other semiconductor-related materials, polyvinyl chloride and chlor-alkali products, silicones, rare earth magnets, synthetic quartz, cellulose derivatives, and specialty chemicals.