Resonac (OTCMKTS:SHWDY) Announces Earnings Results

Resonac (OTCMKTS:SHWDY) posted its quarterly earnings data on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $2.32 billion during the quarter. Resonac had a return on equity of 4.89% and a net margin of 2.59%.

Resonac Trading Up 15.8%

Shares of SHWDY traded up $15.21 during mid-day trading on Friday, reaching $111.21. 110 shares of the company’s stock traded hands, compared to its average volume of 554. The stock has a market cap of $21.24 billion, a P/E ratio of 90.71 and a beta of 0.65. The stock’s 50-day moving average is $103.48 and its two-hundred day moving average is $85.44. Resonac has a 12 month low of $32.48 and a 12 month high of $126.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35.

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.