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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $78.30, but opened at $91.2550. Resonac shares last traded at $91.2550, with a volume of 141 shares traded.

Wall Street Analysts Forecast Growth

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

Resonac Stock Performance

The company has a market capitalization of $16.87 billion, a P/E ratio of 86.09 and a beta of 0.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37. The company has a fifty day moving average price of $73.47 and a two-hundred day moving average price of $54.66.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

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.