Resonac (OTCMKTS:SHWDY) Announces Earnings Results

Resonac (OTCMKTS:SHWDY) released its quarterly earnings data on Thursday. The company reported $1.03 earnings per share for the quarter, Zacks reports. Resonac had a net margin of 2.59% and a return on equity of 4.89%.

Resonac Stock Up 4.5%

Shares of OTCMKTS:SHWDY traded up $4.33 during trading on Thursday, reaching $100.33. 1,283 shares of the stock traded hands, compared to its average volume of 209. The stock has a 50-day moving average of $103.48 and a two-hundred day moving average of $85.44. Resonac has a 52-week low of $32.48 and a 52-week high of $126.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.35 and a current ratio of 1.81. The stock has a market cap of $19.17 billion, a P/E ratio of 81.84 and a beta of 0.65.

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.