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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $18.84 and traded as high as $19.90. Shin-Etsu Chemical shares last traded at $19.35, with a volume of 463,304 shares changing hands.

Shin-Etsu Chemical Stock Performance

The company has a quick ratio of 4.60, a current ratio of 6.09 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $18.82 and a two-hundred day moving average price of $20.04. The firm has a market cap of $75.59 billion, a PE ratio of 22.14 and a beta of 1.39.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Tuesday, October 27th. The basic materials company reported $0.26 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 18.57% and a return on equity of 10.90%. The firm had revenue of $4.76 billion for the quarter. Research 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.