Resonac (OTCMKTS:SHWDY) Shares Climb 20.9% – Should You Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares were up 20.9% during trading on Friday. The company traded as high as $104.54 and last traded at $104.54. 128 shares changed hands during trading, a decline of 75% from the average session volume of 503 shares. The stock had previously closed at $86.45.

Resonac Stock Up 6.7%

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 1.14. The stock has a market capitalization of $19.98 billion, a PE ratio of 56.94 and a beta of 0.76. The company has a 50 day moving average price of $97.03 and a 200-day moving average price of $95.42.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.03 EPS for the quarter. The business had revenue of $2.32 billion during the quarter. Resonac had a net margin of 4.05% and a return on equity of 7.54%.

Resonac Company Profile

Resonac Holdings Corporation is a Japanese chemical and advanced materials company headquartered in Tokyo. Formerly known as Showa Denko K.K., the company adopted the Resonac name in January 2023 following the integration of Showa Denko and Showa Denko Materials, formerly Hitachi Chemical.

Resonac develops and manufactures materials used in semiconductors, electronic components, automobiles, energy storage and industrial applications. Its products include semiconductor packaging materials, molding compounds, die-attach films, copper-clad laminates, polishing materials and other materials used in chip manufacturing.