Resonac (OTCMKTS:SHWDY) Shares Gap Up – Still a Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up prior to trading on Wednesday. The stock had previously closed at $81.91, but opened at $88.45. Resonac shares last traded at $87.00, with a volume of 315 shares trading hands.

Resonac Trading Up 1.7%

The business’s fifty day moving average is $99.74 and its 200 day moving average is $88.78. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.93 billion, a PE ratio of 45.39 and a beta of 0.76.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.03 EPS for the quarter. The firm had revenue of $2.32 billion during the quarter. Resonac had a return on equity of 7.54% and a net margin of 4.05%.

About Resonac

Resonac Holdings Corporation is a Japan-based chemical and materials company formerly known as Showa Denko. The company was rebranded as Resonac in 2023 following the integration of Showa Denko and Showa Denko Materials, which was previously known as Hitachi Chemical.

Resonac develops and manufactures advanced materials and chemical products used in semiconductor and electronic applications, mobility, energy, and industrial markets. Its offerings include semiconductor packaging materials, silicon carbide and other semiconductor-related materials, graphite electrodes, battery materials, specialty chemicals, petrochemical products, and high-performance resins and films.

The company serves customers in Japan and international markets through a global manufacturing, research, and sales network.