Resonac (OTCMKTS:SHWDY) Shares Gap Down – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped down before the market opened on Friday . The stock had previously closed at $126.17, but opened at $111.23. Resonac shares last traded at $111.23, with a volume of 332 shares.

Resonac Trading Down 11.8%

The firm has a market capitalization of $20.57 billion, a P/E ratio of 104.93 and a beta of 0.49. The stock has a 50-day simple moving average of $77.12 and a two-hundred day simple moving average of $57.87. The company has a current ratio of 1.80, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.11% and a net margin of 2.11%.

Resonac Company Profile

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.