Resonac (OTCMKTS:SHWDY) Announces Quarterly Earnings Results

Resonac (OTCMKTS:SHWDY) released its earnings results on Thursday. The company reported ($0.51) earnings per share for the quarter, Zacks reports. Resonac had a return on equity of 8.07% and a net margin of 2.53%.

Resonac Stock Down 2.6%

Resonac stock traded down $1.00 during trading hours on Thursday, reaching $37.40. The stock had a trading volume of 707 shares, compared to its average volume of 3,665. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 31.97 and a beta of 0.45. The business’s 50 day moving average price is $35.64 and its 200-day moving average price is $26.95. Resonac has a 52 week low of $15.38 and a 52 week high of $44.03. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.89 and a quick ratio of 1.33.

Analyst Ratings Changes

Separately, Nomura Securities raised shares of Resonac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

About Resonac

Resonac Holdings Corporation operates as a chemical company in Japan, China, rest of Asia, and internationally. It operates through Semiconductor and Electronic Materials, Mobility, Innovation Enabling Materials, and Chemicals segments. The company offers gases and solvents, abatement systems and surface treatments, CMP slurries, and anti-charging materials; semiconductor-related materials, display and sensor-related materials, and films; base and photosensitive materials for PWBs; hard disks, SiCs, and optical semiconductors for use as electronic device components; and molded plastics/sheet-formed, powder metal, and aluminum products for automotives.