Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shin-Etsu Chemical's stock price has fallen below its 200-day moving average of $15.23, trading as low as $14.75, which could signal a downward trend for investors.
• The company reported an EPS of $0.22 for the last quarter, exceeding analysts' expectations by $0.01, with revenues of $4.35 billion.
• Shin-Etsu Chemical holds a market capitalization of $60.15 billion and has a return on equity of 10.77%.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.23 and traded as low as $14.75. Shin-Etsu Chemical shares last traded at $15.15, with a volume of 511,254 shares trading hands.

Shin-Etsu Chemical Stock Up 0.7%

The business has a 50-day simple moving average of $15.65 and a two-hundred day simple moving average of $15.20. The stock has a market capitalization of $60.34 billion, a P/E ratio of 17.27 and a beta of 1.33.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last announced its earnings results on Thursday, July 24th. The basic materials company reported $0.22 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 return on equity of 10.77% and a net margin of 19.94%. On average, 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.