Resonac (OTCMKTS:SHWDY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) saw strong trading volume on Monday . 431 shares changed hands during trading, an increase of 713% from the previous session’s volume of 53 shares.The stock last traded at $43.89 and had previously closed at $38.25.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Resonac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. One research 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 Performance

The firm has a 50 day moving average of $38.45 and a 200-day moving average of $31.84. The company has a market cap of $8.60 billion, a P/E ratio of 232.51 and a beta of 0.41. 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 issued its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter. The firm had revenue of $2.33 billion during the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

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.