Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Shin-Etsu Chemical shares recently fell below their 200-day moving average, indicating potential bearish momentum, with the shares trading at $14.41.
• The company reported a quarterly earnings per share (EPS) of $0.22, surpassing analysts' expectations of $0.21, alongside a revenue of $4.35 billion.
• Shin-Etsu Chemical has a market capitalization of $57.21 billion and a P/E ratio of 16.38, reflecting its valuation relative to earnings.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.30 and traded as low as $14.35. Shin-Etsu Chemical shares last traded at $14.41, with a volume of 482,477 shares traded.

Shin-Etsu Chemical Stock Performance

The company's 50 day moving average price is $15.75 and its 200-day moving average price is $15.26. The company has a market cap of $57.92 billion, a price-to-earnings ratio of 16.58 and a beta of 1.33.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $4.35 billion for the quarter. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.77%. As a group, sell-side analysts forecast that Shin-Etsu Chemical Co. will post 0.86 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.