Resonac (OTCMKTS:SHWDY) Stock Price Up 7.9% – Time to Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares shot up 7.9% during mid-day trading on Thursday . The company traded as high as $68.00 and last traded at $68.00. 730 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 761 shares. The stock had previously closed at $63.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Resonac to a “strong-buy” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Resonac currently has an average rating of “Strong Buy”.

Resonac Stock Up 0.2%

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 cap of $12.60 billion, a price-to-earnings ratio of 340.67 and a beta of 0.42. The firm has a 50-day moving average price of $46.81 and a 200 day moving average price of $37.48.

Resonac (OTCMKTS:SHWDY) last issued its earnings results on Friday, February 13th. The company reported $0.83 EPS for the quarter. The company had revenue of $2.34 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.