Resonac (OTCMKTS:SHWDY) Shares Gap Up – What’s Next?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up before the market opened on Tuesday . The stock had previously closed at $72.42, but opened at $78.00. Resonac shares last traded at $75.00, with a volume of 203 shares changing hands.

Wall Street Analyst Weigh In

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

Resonac Stock Up 0.2%

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30. The firm’s 50-day moving average price is $55.97 and its 200 day moving average price is $41.91. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 73.02 and a beta of 0.34.

Resonac (OTCMKTS:SHWDY) last posted its earnings results on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.

About Resonac

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.