Stock Soaring to a Recent High: Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI)

Shares of Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) have shifted north recently, touching a new 52-week high. A recent bid put the stock price near $58.44. The stock has moved 6.82% over the last 5 sessions.

Share Performance Summary

Since the start of the calendar year, Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI)’s stock has changed 7.96%. Over the last five trading sessions, the stock has moved 6.82%. For the past month, Sinopec Shanghai Petrochemical Company Limited’s stock has been 9.13%, 15.38% for the last quarter, 19.34% for the past six months and 50.42% for the past 52 weeks.

Based on current stock levels, Sinopec Shanghai Petrochemical Company Limited shares are trading 1.05% off of the 50-day high and 19.71% away from the 50-day low.

EPS Watch

Earnings Per Share (EPS), the portion of a company’s profit distributed to each outstanding common share, is a useful indicator of a company’s profitability. EPS is typically considered to be the most important variable in determining a share’s price. Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI)’s EPS growth this year is 573.10% and the trailing 12-month EPS is $6.25. Covering sell-side analysts are estimating company growth for next year to be 82.03%. On a consensus basis, analysts have given a recommendation of 1.00 on company shares.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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