Shin-Etsu Chemical (OTCMKTS:SHECY) Shares Cross Above 50 Day Moving Average – What’s Next?

Shin-Etsu Chemical Co. (OTCMKTS:SHECY – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $18.84 and traded as high as $19.90. Shin-Etsu Chemical shares last traded at $19.35, with a volume of 463,304 shares.

Shin-Etsu Chemical Trading Up 5.3%

The company has a 50-day simple moving average of $18.84 and a two-hundred day simple moving average of $20.01.

Shin-Etsu Chemical (OTCMKTS:SHECY – Get Free Report) last announced its earnings results on Tuesday, October 27th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Shin-Etsu Chemical Co. will post 0.93 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

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Shin-Etsu Chemical Co, Ltd. is a Japanese chemical company that develops and manufactures advanced materials and specialty chemicals for industrial and technology markets. Its products are used in areas including semiconductors, electronics, construction, automotive manufacturing, healthcare, and personal care.

The company’s principal businesses include semiconductor silicon wafers, photoresists and other semiconductor-related materials, polyvinyl chloride and chlor-alkali products, silicones, rare earth magnets, synthetic quartz, cellulose derivatives, and specialty chemicals.

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