Resonac (OTCMKTS:SHWDY) Releases Earnings Results

Resonac (OTCMKTS:SHWDY) issued its quarterly earnings results on Thursday. The company reported $1.03 earnings per share for the quarter, Zacks reports. Resonac had a return on equity of 7.68% and a net margin of 4.05%.The firm had revenue of $2.32 billion during the quarter.

Resonac Stock Up 10.8%

Resonac stock traded up $10.88 during mid-day trading on Friday, reaching $111.21. The stock had a trading volume of 208 shares, compared to its average volume of 265. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 60.57 and a beta of 0.65. The company has a 50-day moving average price of $103.43 and a two-hundred day moving average price of $85.62. Resonac has a one year low of $32.48 and a one year high of $126.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35.

Resonac Company Profile

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.