Nomura Securities Upgrades Resonac (OTCMKTS:SHWDY) to Strong-Buy

Key Points

• Resonac's stock rating has been upgraded from a "hold" to a "strong-buy"" by Nomura Securities, signaling a more favorable outlook for investors.
• The company's recent quarterly earnings report showed an EPS of $0.42 and a return on equity of 8.07%, highlighting its financial performance.
• Resonac's stock reached a fifty-two week high of $32.68, reflecting strong market interest and potential growth opportunities.

Nomura Securities upgraded shares of Resonac (OTCMKTS:SHWDY - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Resonac Stock Performance

Shares of SHWDY stock traded up $0.62 during trading hours on Wednesday, hitting $33.29. The company's stock had a trading volume of 112 shares, compared to its average volume of 768. The company has a 50 day moving average of $24.65 and a 200 day moving average of $22.20. The stock has a market cap of $6.16 billion, a PE ratio of 28.45 and a beta of 0.35. The company has a current ratio of 1.89, a quick ratio of 1.33 and a debt-to-equity ratio of 1.26. Resonac has a 12-month low of $15.38 and a 12-month high of $33.29.

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