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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $49.00, but opened at $53.00. Resonac shares last traded at $53.00, with a volume of 1,652 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised 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 stock currently has an average rating of “Strong Buy”.

Resonac Price Performance

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30. The company has a market capitalization of $9.79 billion, a P/E ratio of 264.84 and a beta of 0.41. The company has a 50 day moving average of $40.07 and a 200-day moving average of $33.85.

Resonac (OTCMKTS:SHWDY) last announced its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The firm had revenue of $2.33 billion for the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.94%.

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.