Resonac (OTCMKTS:SHWDY) Shares Gap Up – Time to Buy?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped up before the market opened on Thursday. The stock had previously closed at $86.45, but opened at $98.00. Resonac shares last traded at $98.00, with a volume of 142 shares.

Resonac Stock Performance

The company’s 50 day moving average price is $96.77 and its 200-day moving average price is $95.23. The stock has a market cap of $18.73 billion, a P/E ratio of 53.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.14 and a current ratio of 1.54.

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

About Resonac

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.