Resonac (OTCMKTS:SHWDY) Shares Up 20.9% – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) rose 20.9% on Friday. The stock traded as high as $104.54 and last traded at $104.54. 128 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 503 shares. The stock had previously closed at $86.45.

Resonac Price Performance

The business has a fifty day moving average of $97.03 and a 200-day moving average of $95.42. The firm has a market cap of $19.98 billion, a PE ratio of 56.94 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter. Resonac had a return on equity of 7.54% and a net margin of 4.05%.The company had revenue of $2.32 billion during the quarter.

Resonac Company Profile

Resonac Holdings Corporation is a Japanese chemical and advanced materials company headquartered in Tokyo. Formerly known as Showa Denko K.K., the company adopted the Resonac name in January 2023 following the integration of Showa Denko and Showa Denko Materials, formerly Hitachi Chemical.

Resonac develops and manufactures materials used in semiconductors, electronic components, automobiles, energy storage and industrial applications. Its products include semiconductor packaging materials, molding compounds, die-attach films, copper-clad laminates, polishing materials and other materials used in chip manufacturing.