Resonac (OTCMKTS:SHWDY) Shares Gap Up - Time to Buy?

Key Points

• Resonac Holdings Corporation shares gapped up significantly, opening at $43.64 after a previous close of $37.50, reflecting a strong interest in the stock.
• Analysts have upgraded Resonac from a "hold" to a "strong-buy" rating, with the company holding a consensus rating of "Strong Buy" based on one analyst's assessment.
• The company reported a net margin of 2.53% and earnings per share (EPS) of $0.42 in its last quarterly earnings, showcasing its financial performance and profitability.

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $37.50, but opened at $43.64. Resonac shares last traded at $43.95, with a volume of 3,606 shares changing hands.

Analysts Set New Price Targets

Separately, Nomura Securities raised Resonac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Resonac Trading Up 14.5%

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 stock has a market cap of $7.94 billion, a PE ratio of 36.70 and a beta of 0.45. The business has a 50 day moving average of $27.04 and a 200-day moving average of $23.15.

Resonac (OTCMKTS:SHWDY - Get Free Report) last posted its quarterly 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%.

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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