Shares of Shin-Etsu Chemical Co. (OTCMKTS:SHECY – Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.64 and traded as low as $21.3630. Shin-Etsu Chemical shares last traded at $21.90, with a volume of 228,288 shares traded.
Analyst Ratings Changes
Separately, Zacks Research upgraded Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Shin-Etsu Chemical has an average rating of “Hold”.
View Our Latest Analysis on SHECY
Shin-Etsu Chemical Stock Performance
Shin-Etsu Chemical (OTCMKTS:SHECY – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%.The business had revenue of $4.08 billion for the quarter. Equities research analysts anticipate that Shin-Etsu Chemical Co. will post 0.93 earnings per share for the current fiscal year.
Shin-Etsu Chemical Company Profile
Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.
Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.
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