Resonac (OTCMKTS:SHWDY) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

The Goldman Sachs Group upgraded shares of Resonac (OTCMKTS:SHWDY) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

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

Resonac Stock Performance

Shares of SHWDY stock traded down $1.00 during trading hours on Monday, hitting $43.00. The stock had a trading volume of 246 shares, compared to its average volume of 682. 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 has a market capitalization of $7.95 billion, a PE ratio of 215.01 and a beta of 0.41. The stock’s 50 day moving average is $38.74 and its 200 day moving average is $32.56. Resonac has a twelve month low of $15.38 and a twelve month high of $47.30.

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

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.