Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY – Get Rating) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.36 and traded as low as $35.37. Shin-Etsu Chemical shares last traded at $35.63, with a volume of 77,174 shares traded.
A number of equities analysts have recently weighed in on SHECY shares. Zacks Investment Research upgraded Shin-Etsu Chemical from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Friday, May 20th. Mizuho raised Shin-Etsu Chemical from a “neutral” rating to a “buy” rating in a report on Monday, February 28th.
The company has a debt-to-equity ratio of 0.01, a current ratio of 5.76 and a quick ratio of 4.71. The firm has a fifty day moving average price of $35.62 and a two-hundred day moving average price of $39.34. The stock has a market capitalization of $59.37 billion, a PE ratio of 13.34 and a beta of 1.02.
Shin-Etsu Chemical Co, Ltd. engages in the polyvinyl chloride (PVC)/chlor-alkali, semiconductor silicon, silicones, electronics and functional materials, specialty chemicals, processing, and trading and specialized businesses worldwide. It offers PVC for use in PVC pipes, plastic greenhouses, electric wire coating materials, PVC-framed windows, and siding materials; caustic soda for use in alumina, paper and pulp, cathode materials, and super-absorbent polymers; and sodium hypochlorite.
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