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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up before the market opened on Friday . The stock had previously closed at $37.40, but opened at $39.05. Resonac shares last traded at $39.05, with a volume of 756 shares.

Wall Street Analysts Forecast Growth

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

Resonac Trading Up 4.4%

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 debt-to-equity ratio of 1.26, a quick ratio of 1.33 and a current ratio of 1.89. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 33.38 and a beta of 0.43.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. Resonac had a net margin of 2.53% and a return on equity of 8.07%. The business had revenue of $2.33 billion for the quarter.

Resonac Company Profile

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.