Resonac (OTCMKTS:SHWDY) Posts Earnings Results

Resonac (OTCMKTS:SHWDY) released its earnings results on Thursday. The company reported $1.03 earnings per share for the quarter, Zacks reports. Resonac had a return on equity of 4.89% and a net margin of 2.59%.

Resonac Price Performance

SHWDY traded up $4.33 during trading on Thursday, reaching $100.33. The company’s stock had a trading volume of 1,283 shares, compared to its average volume of 209. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 81.84 and a beta of 0.65. The firm has a fifty day simple moving average of $103.48 and a two-hundred day simple moving average of $85.44. Resonac has a 1 year low of $32.48 and a 1 year high of $126.17. The company has a quick ratio of 1.35, a current ratio of 1.81 and a debt-to-equity ratio of 1.04.

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.