Resonac (OTCMKTS:SHWDY) Trading Up 15.8% – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) rose 15.8% on Friday . The stock traded as high as $111.21 and last traded at $111.21. Approximately 110 shares were traded during mid-day trading, a decline of 80% from the average session volume of 554 shares. The stock had previously closed at $96.00.

Resonac Trading Up 10.8%

The stock has a market capitalization of $21.24 billion, a P/E ratio of 60.57 and a beta of 0.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35. The business’s 50 day simple moving average is $103.43 and its 200-day simple moving average is $85.62.

Resonac (OTCMKTS:SHWDY) last issued its earnings results on Thursday, August 6th. The company reported $1.03 EPS for the quarter. The company had revenue of $2.32 billion during the quarter. Resonac had a net margin of 4.05% and a return on equity of 7.68%.

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.