Resonac (OTCMKTS:SHWDY) Posts Quarterly Earnings Results

Resonac (OTCMKTS:SHWDY) announced its earnings results on Friday. The company reported $0.83 EPS for the quarter, Zacks reports. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

Resonac Stock Up 0.2%

Shares of SHWDY traded up $0.13 during trading hours on Friday, reaching $68.13. 707 shares of the stock traded hands, compared to its average volume of 768. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 340.67 and a beta of 0.42. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $46.16 and a 200 day simple moving average of $37.18. Resonac has a 52 week low of $15.38 and a 52 week high of $68.13.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Resonac to a “strong-buy” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

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.