Resonac (OTCMKTS:SHWDY) Announces Earnings Results

Resonac (OTCMKTS:SHWDY) announced its quarterly earnings results on Thursday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

Resonac Stock Performance

Resonac stock remained flat at $103.08 during trading hours on Thursday. The company’s stock had a trading volume of 138 shares, compared to its average volume of 120. The business’s 50 day moving average price is $79.63 and its 200-day moving average price is $59.70. The company has a current ratio of 1.80, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $19.06 billion, a P/E ratio of 97.25 and a beta of 0.49. Resonac has a fifty-two week low of $20.48 and a fifty-two week high of $126.17.

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.