Resonac (OTCMKTS:SHWDY) Stock Price Up 7.9% – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price shot up 7.9% during mid-day trading on Thursday . The company traded as high as $68.00 and last traded at $68.00. 730 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 761 shares. The stock had previously closed at $63.00.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Resonac to a “strong-buy” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Resonac Price Performance

The company has a market capitalization of $12.49 billion, a PE ratio of 337.77 and a beta of 0.42. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $45.51 and a 200-day simple moving average of $36.97.

Resonac (OTCMKTS:SHWDY) last posted its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter. The business 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.