Resonac (OTCMKTS:SHWDY) Shares Gap Up – Still a Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $70.75, but opened at $84.40. Resonac shares last traded at $84.40, with a volume of 105 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Resonac to a “strong-buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Resonac Stock Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37. The stock has a market cap of $15.61 billion, a P/E ratio of 79.62 and a beta of 0.35. The firm’s fifty day moving average price is $71.53 and its two-hundred day moving average price is $52.70.

Resonac (OTCMKTS:SHWDY) last announced its earnings results on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.The business 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.