Resonac (OTCMKTS:SHWDY) Trading Down 5.6% - What's Next?

Key Points

• Resonac Holdings Corporation's stock price declined by 5.6%, closing at $40.65, with trading volume increasing by 21% from its average.
• Nomura Securities upgraded Resonac's rating from "hold" to "strong-buy", indicating investor confidence in the company's growth potential.
• The company reported earnings of $0.42 per share with a net margin of 2.53% and a return on equity of 8.07% in its latest quarterly results.

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report)'s stock price was down 5.6% on Thursday . The stock traded as low as $40.65 and last traded at $40.65. Approximately 1,202 shares changed hands during trading, an increase of 21% from the average daily volume of 993 shares. The stock had previously closed at $43.07.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Resonac presently has an average rating of "Strong Buy".

Resonac Trading Down 5.6%

The business's 50-day moving average is $27.74 and its two-hundred day moving average is $23.40. 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 stock has a market capitalization of $7.52 billion, a PE ratio of 34.74 and a beta of 0.45.

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

Resonac Company Profile

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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