Resonac (OTCMKTS:SHWDY) Issues Quarterly Earnings Results

Resonac (OTCMKTS:SHWDY) released its earnings results on Thursday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

Resonac Stock Performance

Shares of Resonac stock remained flat at $103.08 during trading on Thursday. The stock had a trading volume of 138 shares, compared to its average volume of 120. The company has a fifty day simple moving average of $79.63 and a 200-day simple moving average of $59.70. Resonac has a 12 month low of $20.48 and a 12 month high of $126.17. The stock has a market cap of $19.06 billion, a P/E ratio of 97.25 and a beta of 0.49. The company has a current ratio of 1.80, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

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.