Resonac (OTCMKTS:SHWDY) Sets New 12-Month High – What’s Next?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) hit a new 52-week high during trading on Thursday . The company traded as high as $126.17 and last traded at $126.17, with a volume of 403 shares traded. The stock had previously closed at $84.40.

Resonac Price Performance

The stock has a 50-day simple moving average of $77.79 and a 200 day simple moving average of $58.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.80. The company has a market cap of $20.57 billion, a P/E ratio of 104.93 and a beta of 0.49.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.83 EPS for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.The company had revenue of $2.34 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.