Resonac (OTCMKTS:SHWDY) Hits New 1-Year High - Here's Why

Key Points

• Resonac Holdings Corporation's share price has reached a new 52-week high of $32.48, significantly up from its previous close of $24.02, with a trading volume of 5000 shares.
• The company has reported a PE ratio of 27.93 and a net margin of 2.53% for the last quarter, indicating stable profitability despite its debt-to-equity ratio of 1.26.
• Resonac operates globally across several segments, including Semiconductor and Electronic Materials and Mobility, providing various materials essential for electronics and automobiles.

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $32.48 and last traded at $32.48, with a volume of 5000 shares changing hands. The stock had previously closed at $24.02.

Analyst Ratings Changes

Separately, Nomura Securities upgraded Resonac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Resonac Stock Up 1.9%

The company has a current ratio of 1.89, a quick ratio of 1.33 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $6.16 billion, a PE ratio of 28.45 and a beta of 0.35. The business has a fifty day moving average of $24.65 and a 200 day moving average of $22.19.

Resonac (OTCMKTS:SHWDY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.42 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.