Resonac (OTCMKTS:SHWDY) Trading 16.9% Higher – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price traded up 16.9% on Thursday . The stock traded as high as $121.59 and last traded at $121.59. 140 shares changed hands during trading, a decline of 75% from the average daily volume of 566 shares. The stock had previously closed at $104.00.

Resonac Price Performance

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 50-day simple moving average of $97.76 and a 200-day simple moving average of $70.60. The company has a market cap of $22.48 billion, a price-to-earnings ratio of 99.18 and a beta of 0.59.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings results on Thursday, May 21st. The company reported $999.00 EPS for the quarter. Resonac had a return on equity of 4.89% and a net margin of 2.59%.

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.