Resonac (OTCMKTS:SHWDY) Reaches New 1-Year High – Time to Buy?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) hit a new 52-week high on Tuesday . The stock traded as high as $68.65 and last traded at $68.65, with a volume of 151 shares. The stock had previously closed at $68.00.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of 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, the company has an average rating of “Strong Buy”.

Resonac Stock Performance

The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 64.76 and a beta of 0.41. 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 stock’s fifty day moving average is $47.47 and its two-hundred day moving average is $37.98.

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

Resonac Company Profile

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.