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

Resonac logo with Basic Materials background

Key Points

  • Resonac Holdings Corporation reached a new 52-week high of $44.03 during trading, up from a previous close of $37.50.
  • Nomura Securities upgraded Resonac to a "strong-buy" rating, contributing to its overall average rating of "Strong Buy."
  • The company reported a net margin of 2.53% and an earnings per share (EPS) of $0.42 in its latest earnings report.
  • Five stocks to consider instead of Resonac.

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $44.03 and last traded at $43.07, with a volume of 4307 shares trading hands. The stock had previously closed at $37.50.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on SHWDY

Resonac Stock Performance

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's 50 day moving average is $27.41 and its 200-day moving average is $23.29. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 36.81 and a beta of 0.45.

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

Resonac Company Profile

(Get Free Report)

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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