Resonac (OTCMKTS:SHWDY) Releases Quarterly Earnings Results

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

Resonac Stock Up 0.2%

OTCMKTS:SHWDY traded up $0.13 during trading hours on Friday, reaching $68.13. 707 shares of the company traded hands, compared to its average volume of 768. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $46.16 and its two-hundred day moving average price is $37.18. Resonac has a 1 year low of $15.38 and a 1 year high of $68.13. The stock has a market capitalization of $12.60 billion, a P/E ratio of 340.67 and a beta of 0.42.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Resonac to a “strong-buy” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Resonac currently has an average 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.