Resonac (OTCMKTS:SHWDY) Hits New 12-Month High – Time to Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.50 and last traded at $72.73, with a volume of 859 shares traded. The stock had previously closed at $71.0250.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Resonac to a “strong-buy” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Resonac has an average rating of “Strong Buy”.

Resonac Stock Performance

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 market cap of $13.45 billion, a PE ratio of 68.61 and a beta of 0.42. The firm has a 50-day moving average price of $52.28 and a two-hundred day moving average price of $40.12.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.The company had revenue of $2.34 billion for 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.