Resonac (OTCMKTS:SHWDY) Posts Quarterly Earnings Results

Resonac (OTCMKTS:SHWDY) announced its quarterly earnings data on Friday. The company reported $0.83 earnings per share for the quarter, Zacks reports. Resonac had a net margin of 0.43% and a return on equity of 3.94%.

Resonac Trading Up 0.2%

Shares of OTCMKTS:SHWDY traded up $0.13 during midday trading on Friday, hitting $68.13. 707 shares of the stock traded hands, compared to its average volume of 768. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $46.16 and its two-hundred day moving average is $37.18. The stock has a market capitalization of $12.60 billion, a PE ratio of 340.67 and a beta of 0.42. Resonac has a one year low of $15.38 and a one year high of $68.13.

Analyst Upgrades and Downgrades

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

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.