Resonac (OTCMKTS:SHWDY) Trading Down 9.8% – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDYGet Free Report)’s stock price traded down 9.8% during trading on Tuesday . The company traded as low as $102.55 and last traded at $102.55. 241 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 580 shares. The stock had previously closed at $113.68.

Resonac Stock Performance

The firm has a market capitalization of $18.96 billion, a PE ratio of 83.65 and a beta of 0.49. The business has a 50-day simple moving average of $90.80 and a 200-day simple moving average of $66.29. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37.

Resonac (OTCMKTS:SHWDYGet Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $999.00 EPS for the quarter. Resonac had a net margin of 2.59% and a return on equity of 4.89%.

About Resonac

(Get Free Report)

Resonac Corporation (OTCMKTS: SHWDY), formerly known as Showa Denko K.K., is a diversified chemical manufacturer based in Tokyo, Japan. The company produces a broad range of industrial chemicals and performance materials that serve sectors including automotive, electronics, energy storage and environmental applications. Its product portfolio encompasses basic petrochemicals, polyolefins, functional chemicals, ceramic powders, aluminum specialty products and graphite electrodes for steel production.

Resonac maintains a strong presence in the electronics materials market through its supply of semiconductor‐grade silicon, silicon wafers, rare‐earth magnetic alloys and high‐purity gases and chemicals used in semiconductor fabrication.

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