Resonac (OTCMKTS:SHWDY) Sets New 52-Week High – Should You Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) reached a new 52-week high during trading on Tuesday . The company traded as high as $62.80 and last traded at $62.80, with a volume of 155 shares. The stock had previously closed at $60.6750.

Analysts Set New Price Targets

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

Resonac Trading Up 2.8%

The company has a market capitalization of $11.54 billion, a PE ratio of 312.02 and a beta of 0.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. The company has a 50 day simple moving average of $44.41 and a 200 day simple moving average of $36.52.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The firm had revenue of $2.33 billion for the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.94%.

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.