Resonac (OTCMKTS:SHWDY) Shares Gap Up – Here’s What Happened

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up before the market opened on Thursday . The stock had previously closed at $52.9650, but opened at $62.62. Resonac shares last traded at $62.62, with a volume of 283 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Resonac to a “strong-buy” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Resonac Stock Down 2.2%

The firm’s 50 day moving average price is $41.14 and its two-hundred day moving average price is $34.60. The firm has a market capitalization of $11.11 billion, a PE ratio of 300.34 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 quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS 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 during the quarter.

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.