Resonac (OTCMKTS:SHWDY) Sets New 52-Week High – Here’s What Happened

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $91.2550 and last traded at $91.2550, with a volume of 141 shares. The stock had previously closed at $84.40.

Wall Street Analyst Weigh In

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

Resonac Stock Up 8.1%

The company’s fifty day moving average price is $73.88 and its 200-day moving average price is $55.02. The stock has a market capitalization of $16.87 billion, a PE ratio of 86.09 and a beta of 0.49. The company has a quick ratio of 1.37, a current ratio of 1.80 and a debt-to-equity ratio of 1.07.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. Resonac had a net margin of 2.11% and a return on equity of 4.11%. The company had revenue of $2.34 billion during the quarter.

About Resonac

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.