Resonac (OTCMKTS:SHWDY) Shares Up 15.8% – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price shot up 15.8% during mid-day trading on Friday . The stock traded as high as $111.21 and last traded at $111.21. Approximately 110 shares traded hands during trading, a decline of 80% from the average daily volume of 554 shares. The stock had previously closed at $96.00.

Resonac Trading Up 15.8%

The business’s 50 day simple moving average is $103.48 and its 200 day simple moving average is $85.44. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 90.71 and a beta of 0.65.

Resonac (OTCMKTS:SHWDY) last announced its earnings results on Thursday, August 6th. The company reported $1.03 earnings per share for the quarter. Resonac had a net margin of 2.59% and a return on equity of 4.89%. The business had revenue of $2.32 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.