Resonac (OTCMKTS:SHWDY) Shares Gap Up – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $67.52, but opened at $71.0250. Resonac shares last traded at $71.0250, with a volume of 285 shares changing hands.

Wall Street Analysts Forecast Growth

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

Resonac Stock Performance

The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 67.01 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. The firm has a 50-day moving average of $49.47 and a 200-day moving average of $38.71.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings results on Friday, February 13th. The company reported $0.83 EPS for the quarter. The company had revenue of $2.34 billion during the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.

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.