Resonac (OTCMKTS:SHWDY) Raised to “Strong-Buy” at Nomura Securities

Resonac (OTCMKTS:SHWDY) was upgraded by research analysts at Nomura Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Resonac Stock Up 33.0%

Resonac stock opened at $32.68 on Wednesday. Resonac has a fifty-two week low of $15.38 and a fifty-two week high of $32.68. 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 company has a market capitalization of $6.04 billion, a P/E ratio of 27.93 and a beta of 0.35. The stock has a 50-day simple moving average of $24.47 and a 200-day simple moving average of $22.13.

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

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.