Resonac (OTCMKTS:SHWDY) Shares Up 9.4% – Should You Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price shot up 9.4% during mid-day trading on Monday . The company traded as high as $40.90 and last traded at $40.90. 284 shares changed hands during trading, a decline of 92% from the average session volume of 3,513 shares. The stock had previously closed at $37.40.

Analysts Set New Price Targets

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

Resonac Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $36.78 and a 200-day moving average price of $27.57. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 187.01 and a beta of 0.43.

Resonac (OTCMKTS:SHWDY) last issued its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.98%. The company had revenue of $2.33 billion during the quarter.

Resonac Company Profile

Resonac Holdings Corporation operates as a chemical company in Japan, China, rest of Asia, and internationally. It operates through Semiconductor and Electronic Materials, Mobility, Innovation Enabling Materials, and Chemicals segments. The company offers gases and solvents, abatement systems and surface treatments, CMP slurries, and anti-charging materials; semiconductor-related materials, display and sensor-related materials, and films; base and photosensitive materials for PWBs; hard disks, SiCs, and optical semiconductors for use as electronic device components; and molded plastics/sheet-formed, powder metal, and aluminum products for automotives.