Resonac (OTCMKTS:SHWDY) Shares Up 15.8% – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price was up 15.8% during trading on Friday . The stock traded as high as $111.21 and last traded at $111.21. 110 shares were traded during trading, a decline of 80% from the average session volume of 554 shares. The stock had previously closed at $96.00.

Resonac Trading Up 15.8%

The company has a fifty day moving average of $103.48 and a two-hundred day moving average of $85.44. The company has a quick ratio of 1.35, a current ratio of 1.81 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 90.71 and a beta of 0.65.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter. The company had revenue of $2.32 billion for the quarter. Resonac had a net margin of 2.59% and a return on equity of 4.89%.

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.