Resonac (OTCMKTS:SHWDY) Releases Earnings Results

Resonac (OTCMKTS:SHWDY) announced its earnings results on Friday. The company reported $0.83 EPS for the quarter, Zacks reports. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

Resonac Stock Up 0.2%

OTCMKTS:SHWDY opened at $68.13 on Friday. The business’s fifty day moving average price is $46.81 and its 200 day moving average price is $37.48. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 340.67 and a beta of 0.42. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. Resonac has a 1-year low of $15.38 and a 1-year high of $68.13.

Analysts Set New Price Targets

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

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.