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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price gapped down before the market opened on Monday. The stock had previously closed at $100.22, but opened at $89.4530. Resonac shares last traded at $86.45, with a volume of 238 shares traded.

Resonac Price Performance

The stock’s 50 day moving average price is $96.68 and its two-hundred day moving average price is $94.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 1.14. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 47.09 and a beta of 0.70.

Resonac (OTCMKTS:SHWDY) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter. Resonac had a net margin of 4.05% and a return on equity of 7.54%. The company had revenue of $2.32 billion during the quarter.

Resonac Company Profile

Resonac Corporation is a Japan-based chemical and materials company formerly known as Showa Denko K.K. The company changed its name to Resonac in January 2023 following the integration of Showa Denko and Showa Denko Materials, formerly Hitachi Chemical. Resonac develops materials and technologies used across the semiconductor, electronics, automotive, energy and industrial sectors.

The company’s products include semiconductor and electronic materials, semiconductor packaging materials, silicon carbide epitaxial wafers, high-purity gases, graphite electrodes and advanced carbon products.