Resonac (OTCMKTS:SHWDY) Shares Gap Down – Here’s Why

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $111.21, but opened at $99.58. Resonac shares last traded at $98.61, with a volume of 430 shares changing hands.

Resonac Price Performance

The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 53.71 and a beta of 0.65. The firm’s 50-day moving average is $102.78 and its 200 day moving average is $86.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35.

Resonac (OTCMKTS:SHWDYGet Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.03 EPS for the quarter. The business had revenue of $2.32 billion during the quarter. Resonac had a return on equity of 7.68% and a net margin of 4.05%.

Resonac Company Profile

(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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