Resonac (OTCMKTS:SHWDY) Hits New 12-Month High – Should You Buy?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) reached a new 52-week high on Tuesday . The stock traded as high as $47.30 and last traded at $46.51, with a volume of 214 shares traded. The stock had previously closed at $44.7550.

Wall Street Analyst Weigh In

Separately, Nomura Securities upgraded Resonac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Resonac Stock Up 3.9%

The firm has a market capitalization of $8.60 billion, a PE ratio of 232.56 and a beta of 0.41. The stock has a 50-day simple moving average of $38.69 and a 200-day simple moving average of $32.42. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 1.21.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.The firm had revenue of $2.33 billion for the quarter.

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.