Resonac (OTCMKTS:SHWDY) Shares Gap Up – Still a Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $98.61, but opened at $108.3250. Resonac shares last traded at $108.3250, with a volume of 285 shares.

Resonac Trading Down 3.5%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.35 and a current ratio of 1.81. The company has a market capitalization of $19.97 billion, a P/E ratio of 56.95 and a beta of 0.65. The company’s fifty day simple moving average is $102.49 and its 200-day simple moving average is $87.47.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.03 EPS for the quarter. Resonac had a net margin of 4.05% and a return on equity of 7.68%. The business had revenue of $2.32 billion during the quarter.

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.