Resonac (OTCMKTS:SHWDY) Shares Gap Up – Time to Buy?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up prior to trading on Friday . The stock had previously closed at $35.15, but opened at $41.82. Resonac shares last traded at $41.82, with a volume of 111 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded shares of Resonac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Resonac Trading Up 9.3%

The company has a market cap of $7.73 billion, a PE ratio of 209.11 and a beta of 0.45. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. The company has a 50 day simple moving average of $38.17 and a two-hundred day simple moving average of $31.13.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The company 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%.

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.