Shin-Etsu Chemical (OTCMKTS:SHECY) Hits New 12-Month Low – What’s Next?

Shares of Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $16.70 and last traded at $17.11, with a volume of 356665 shares trading hands. The stock had previously closed at $17.64.

Shin-Etsu Chemical Stock Performance

The business’s 50-day moving average price is $18.91 and its 200-day moving average price is $19.83. The stock has a market cap of $68.50 billion, a P/E ratio of 20.75 and a beta of 1.22.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 20.59% and a return on equity of 11.12%. The firm had revenue of $4.49 billion during the quarter. As a group, equities research analysts expect that Shin-Etsu Chemical Co., Ltd. will post 0.92 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.