Resonac (OTCMKTS:SHWDY) Hits New 12-Month High – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.50 and last traded at $46.50, with a volume of 196 shares changing hands. The stock had previously closed at $43.66.

Wall Street Analyst Weigh In

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

Resonac Trading Up 6.5%

The company has a market capitalization of $8.60 billion, a PE ratio of 232.51 and a beta of 0.41. 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 is $38.35 and its 200 day moving average is $31.73.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. The firm had revenue of $2.33 billion during 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.