Shin-Etsu Chemical (OTCMKTS:SHECY) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Shin-Etsu Chemical's stock price has crossed above its 50-day moving average of $15.52, reaching a high of $16.82 in recent trading.
• The company has received a downgrade from Zacks Research, moving from a "hold" rating to a "strong sell" rating, reflecting a consensus view of "sell" among analysts.
• Shin-Etsu reported earnings per share of $0.22 for the last quarter, slightly above estimates, with a net margin of 19.94% and expected earnings of 0.86 per share for the current year.

Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.52 and traded as high as $16.82. Shin-Etsu Chemical shares last traded at $16.78, with a volume of 196,731 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Shin-Etsu Chemical from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Shin-Etsu Chemical currently has a consensus rating of "Sell".

Shin-Etsu Chemical Price Performance

The company has a current ratio of 6.48, a quick ratio of 4.81 and a debt-to-equity ratio of 0.06. The company's fifty day moving average is $15.52 and its two-hundred day moving average is $15.31. The stock has a market cap of $66.62 billion, a price-to-earnings ratio of 19.07 and a beta of 1.42.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its earnings results on Thursday, July 24th. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.90%. The firm had revenue of $4.35 billion during the quarter. As a group, research analysts predict that Shin-Etsu Chemical Co. will post 0.86 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

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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