Resonac (OTCMKTS:SHWDY) Sees Unusually-High Trading Volume – Here’s What Happened

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares saw unusually-strong trading volume on Monday . Approximately 431 shares were traded during mid-day trading, an increase of 713% from the previous session’s volume of 53 shares.The stock last traded at $43.89 and had previously closed at $38.25.

Analyst Ratings Changes

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

Resonac Stock Up 1.0%

The stock has a market cap of $8.07 billion, a P/E ratio of 218.34 and a beta of 0.41. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 1.21. The firm has a 50 day simple moving average of $38.27 and a 200-day simple moving average of $31.42.

Resonac (OTCMKTS:SHWDY) last posted its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter. The firm had revenue of $2.33 billion for the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

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.