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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.80 and last traded at $62.80, with a volume of 155 shares trading hands. The stock had previously closed at $60.6750.

Wall Street Analyst Weigh In

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

Resonac Trading Up 2.8%

The firm has a 50-day moving average of $44.41 and a two-hundred day moving average of $36.52. The firm has a market capitalization of $11.54 billion, a P/E ratio of 312.02 and a beta of 0.41. The company has a current ratio of 1.74, a quick ratio of 1.30 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) EPS for the quarter. The business had revenue of $2.33 billion for the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.94%.

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.