Resonac (OTCMKTS:SHWDY) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $72.42, but opened at $78.00. Resonac shares last traded at $75.00, with a volume of 203 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Resonac to a “strong-buy” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Resonac has a consensus rating of “Strong Buy”.

View Our Latest Research Report on Resonac

Resonac Stock Up 0.7%

The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. The company has a market capitalization of $13.87 billion, a PE ratio of 70.76 and a beta of 0.42. The firm’s 50-day simple moving average is $54.41 and its 200 day simple moving average is $41.29.

Resonac (OTCMKTS:SHWDY – Get Free Report) last released its quarterly earnings data on Friday, February 13th. The company reported $0.83 EPS for the quarter. Resonac had a net margin of 2.11% and a return on equity of 4.19%. The firm had revenue of $2.34 billion for the quarter.

Resonac Company Profile

(Get Free Report)

Resonac Corporation (OTCMKTS: SHWDY), formerly known as Showa Denko K.K., is a diversified chemical manufacturer based in Tokyo, Japan. The company produces a broad range of industrial chemicals and performance materials that serve sectors including automotive, electronics, energy storage and environmental applications. Its product portfolio encompasses basic petrochemicals, polyolefins, functional chemicals, ceramic powders, aluminum specialty products and graphite electrodes for steel production.

Resonac maintains a strong presence in the electronics materials market through its supply of semiconductor‐grade silicon, silicon wafers, rare‐earth magnetic alloys and high‐purity gases and chemicals used in semiconductor fabrication.

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