Resonac (OTCMKTS:SHWDY) Shares Gap Up – Time to Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped up prior to trading on Monday . The stock had previously closed at $54.8250, but opened at $58.90. Resonac shares last traded at $60.6750, with a volume of 308 shares traded.

Wall Street Analyst Weigh In

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

Resonac Trading Up 1.0%

The firm’s 50 day moving average price is $45.51 and its 200-day moving average price is $36.97. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30. The stock has a market cap of $11.65 billion, a P/E ratio of 315.02 and a beta of 0.42.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data 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%.

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.