Resonac (OTCMKTS:SHWDY) Shares Gap Up – Still a Buy?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up before the market opened on Monday . The stock had previously closed at $44.7550, but opened at $47.30. Resonac shares last traded at $47.30, with a volume of 107 shares trading hands.

Wall Street Analyst Weigh In

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

Resonac Stock Performance

The firm has a fifty day moving average price of $38.59 and a 200 day moving average price of $32.24. The stock has a market cap of $8.60 billion, a PE ratio of 45.67 and a beta of 0.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share 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.