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Shin-Etsu Chemical (OTCMKTS:SHECY) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Shin-Etsu Chemical logo with Basic Materials background

Shares of Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.01 and traded as low as $18.16. Shin-Etsu Chemical shares last traded at $18.33, with a volume of 596,491 shares.

Shin-Etsu Chemical Stock Down 0.5 %

The company has a fifty day simple moving average of $20.24 and a two-hundred day simple moving average of $20.00. The stock has a market capitalization of $73.38 billion, a P/E ratio of 21.56 and a beta of 1.23.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its earnings results on Friday, October 25th. The basic materials company reported $0.24 earnings per share for the quarter. The firm had revenue of $4.49 billion for the quarter. Shin-Etsu Chemical had a return on equity of 11.41% and a net margin of 20.59%. As a group, equities analysts forecast that Shin-Etsu Chemical Co., Ltd. will post 0.92 earnings per share for the current year.

About Shin-Etsu Chemical

(Get Free Report)

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.

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