Resonac (OTCMKTS:SHWDY) Announces Quarterly Earnings Results

by · The Cerbat Gem

Resonac (OTCMKTS:SHWDY – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.51) earnings per share for the quarter, Zacks reports. Resonac had a net margin of 0.43% and a return on equity of 3.98%. The company had revenue of $2.33 billion for the quarter.

Resonac Stock Up 4.4%

Shares of OTCMKTS SHWDY traded up $1.65 on Friday, reaching $39.05. 759 shares of the company’s stock traded hands, compared to its average volume of 71. The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.26. The business’s 50 day simple moving average is $36.21 and its two-hundred day simple moving average is $27.17. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 195.26 and a beta of 0.43. Resonac has a 12 month low of $15.38 and a 12 month high of $44.03.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded Resonac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

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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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