Resonac (OTCMKTS:SHWDY) Reaches New 12-Month High - Should You Buy?

Key Points

• Resonac Holdings Corporation's share price reached a new 52-week high of $37.50, showing a significant increase from the previous close of $33.29.
• Analysts at Nomura Securities upgraded the stock from a "hold" to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" for Resonac.
• The company reported an earnings per share (EPS) of $0.42 for its last quarter, with a return on equity of 8.07% and a net margin of 2.53%.

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report)'s share price hit a new 52-week high on Friday . The company traded as high as $37.50 and last traded at $37.50, with a volume of 100 shares. The stock had previously closed at $33.29.

Analysts Set New Price Targets

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 MarketBeat.com, Resonac has a consensus rating of "Strong Buy".

Resonac Price Performance

The business has a fifty day moving average of $26.52 and a 200-day moving average of $22.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.33 and a current ratio of 1.89. The firm has a market capitalization of $6.93 billion, a P/E ratio of 32.05 and a beta of 0.45.

Resonac (OTCMKTS:SHWDY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter. Resonac had a return on equity of 8.07% and a net margin of 2.53%.

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.

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