Resonac (OTCMKTS:SHWDY) Announces Earnings Results

Resonac (OTCMKTS:SHWDY) released its earnings results on Thursday. The company reported ($0.51) EPS for the quarter, Zacks reports. The firm had revenue of $2.33 billion during the quarter. Resonac had a return on equity of 8.07% and a net margin of 2.53%.

Resonac Price Performance

Shares of Resonac stock traded down $1.00 on Friday, hitting $37.40. The company’s stock had a trading volume of 707 shares, compared to its average volume of 554. The company has a market capitalization of $6.92 billion, a P/E ratio of 31.97 and a beta of 0.43. Resonac has a 52-week low of $15.38 and a 52-week high of $44.03. The firm has a fifty day moving average price of $35.91 and a 200-day moving average price of $27.02. The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.26.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded shares of Resonac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About Resonac

Resonac Holdings Corporation operates as a chemical company in Japan, China, rest of Asia, and internationally. It operates through Semiconductor and Electronic Materials, Mobility, Innovation Enabling Materials, and Chemicals segments. The company offers gases and solvents, abatement systems and surface treatments, CMP slurries, and anti-charging materials; semiconductor-related materials, display and sensor-related materials, and films; base and photosensitive materials for PWBs; hard disks, SiCs, and optical semiconductors for use as electronic device components; and molded plastics/sheet-formed, powder metal, and aluminum products for automotives.