Resonac (OTCMKTS:SHWDY) Shares Gap Up – What’s Next?

by · The Markets Daily

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $49.00, but opened at $53.00. Resonac shares last traded at $53.00, with a volume of 1,652 shares changing hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on SHWDY

Resonac Stock Performance

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 $10.02 billion, a PE ratio of 271.08 and a beta of 0.41. The company has a 50 day moving average price of $39.48 and a 200 day moving average price of $33.51.

Resonac (OTCMKTS:SHWDY – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The company had revenue of $2.33 billion for the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.94%.

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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