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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $37.40, but opened at $39.05. Resonac shares last traded at $39.05, with a volume of 756 shares.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded Resonac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Resonac Price Performance

The company has a market cap of $7.22 billion, a PE ratio of 33.38 and a beta of 0.43. The firm’s 50-day moving average is $35.91 and its 200-day moving average is $27.02. The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.26.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. The company had revenue of $2.33 billion during the quarter. Resonac had a return on equity of 8.07% and a net margin of 2.53%.

Resonac Company Profile

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.