Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.16 and traded as low as $19.86. Shin-Etsu Chemical shares last traded at $19.89, with a volume of 265,854 shares trading hands.

Shin-Etsu Chemical Trading Down 1.5 %

The firm has a market capitalization of $79.61 billion, a PE ratio of 23.39 and a beta of 1.21. The firm's fifty day moving average price is $20.74 and its 200 day moving average price is $20.16.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The basic materials company reported $0.23 EPS for the quarter. The firm had revenue of $3.84 billion during the quarter. Shin-Etsu Chemical had a return on equity of 11.41% and a net margin of 21.14%. On average, analysts predict that Shin-Etsu Chemical Co., Ltd. will post 0.9 earnings per share for the current 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.