Resonac (OTCMKTS:SHWDY) Shares Gap Up – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped up prior to trading on Tuesday . The stock had previously closed at $75.43, but opened at $95.31. Resonac shares last traded at $96.00, with a volume of 512 shares trading hands.

Resonac Trading Up 4.8%

The business’s 50-day moving average is $103.75 and its two-hundred day moving average is $85.08. The company has a current ratio of 1.81, a quick ratio of 1.35 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $19.21 billion, a PE ratio of 82.03 and a beta of 0.65.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.03 EPS for the quarter. Resonac had a return on equity of 4.89% and a net margin of 2.59%.

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.