Resonac (OTCMKTS:SHWDY) Reaches New 52-Week High - Time to Buy?

Key Points

• Resonac hit a new 52-week high, trading as high as $82.50 (up about 10.7% from the prior $70.75 close) on light volume of 317 shares, with the 50‑day and 200‑day SMAs at $69.84 and $51.26 respectively.
• Analyst sentiment is bullish: Goldman Sachs upgraded the stock to a "strong‑buy" and the consensus rating from analysts is "Strong Buy."
• Financially, Resonac has a market cap of $14.48 billion and a high P/E of 73.87, while recent quarterly results showed $0.83 EPS on $2.34 billion revenue and modest profitability (net margin 2.11%, ROE 4.11%).

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $82.50 and last traded at $82.50, with a volume of 317 shares changing hands. The stock had previously closed at $70.75.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Resonac to a "strong-buy" rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Resonac Trading Up 10.7%

The firm has a fifty day simple moving average of $69.84 and a 200-day simple moving average of $51.26. The firm has a market cap of $14.48 billion, a P/E ratio of 73.87 and a beta of 0.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37.

Resonac (OTCMKTS:SHWDY - Get Free Report) last announced its earnings results on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The company had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

Resonac Company Profile

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.

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