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

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) hit a new 52-week high during trading on Thursday . The company traded as high as $126.17 and last traded at $126.17, with a volume of 403 shares trading hands. The stock had previously closed at $84.40.

Resonac Price Performance

The company has a 50 day moving average price of $76.14 and a 200-day moving average price of $57.25. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 119.03 and a beta of 0.49. The company has a quick ratio of 1.37, a current ratio of 1.80 and a debt-to-equity ratio of 1.07.

Resonac (OTCMKTS:SHWDY) last posted 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 4.11%. The firm had revenue of $2.34 billion for the quarter.

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.