Resonac (OTCMKTS:SHWDY) Reaches New 52-Week High – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares hit a new 52-week high on Wednesday . The company traded as high as $78.00 and last traded at $77.25, with a volume of 414 shares trading hands. The stock had previously closed at $74.50.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded 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 data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Resonac Price Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. The company has a market capitalization of $14.31 billion, a PE ratio of 73.02 and a beta of 0.34. The company’s 50-day simple moving average is $56.76 and its 200-day simple moving average is $42.16.

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 net margin of 2.11% and a return on equity of 4.19%. The business had revenue of $2.34 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.