Resonac (OTCMKTS:SHWDY) Sets New 1-Year High – What’s Next?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) hit a new 52-week high on Thursday . The stock traded as high as $73.50 and last traded at $72.73, with a volume of 859 shares traded. The stock had previously closed at $71.0250.

Analyst Ratings Changes

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

Resonac Stock Performance

The business’s 50-day moving average price is $52.28 and its 200-day moving average price is $40.12. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. The stock has a market cap of $13.45 billion, a PE ratio of 68.61 and a beta of 0.42.

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

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.