Resonac (OTCMKTS:SHWDY) Sets New 12-Month High – Here’s What Happened

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $58.3750 and last traded at $58.3750, with a volume of 184 shares traded. The stock had previously closed at $52.9650.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Resonac to a “strong-buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Resonac presently has an average rating of “Strong Buy”.

Resonac Stock Down 9.7%

The firm’s 50 day moving average price is $41.93 and its two-hundred day moving average price is $35.00. The firm has a market capitalization of $10.19 billion, a PE ratio of 275.54 and a beta of 0.41. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 1.21.

Resonac (OTCMKTS:SHWDY) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.94%. The business had revenue of $2.33 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.