Resonac (OTCMKTS:SHWDY) Sets New 52-Week High – Still a Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) hit a new 52-week high on Wednesday . The company traded as high as $91.2550 and last traded at $91.2550, with a volume of 141 shares trading hands. The stock had previously closed at $84.40.

Analyst Ratings Changes

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

Resonac Stock Performance

The business has a fifty day moving average of $74.69 and a 200-day moving average of $55.77. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 86.09 and a beta of 0.49. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37.

Resonac (OTCMKTS:SHWDY) last released its earnings results on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

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.