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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $108.3250, but opened at $100.00. Resonac shares last traded at $100.00, with a volume of 451 shares.

Resonac Trading Down 4.4%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.35 and a current ratio of 1.81. The business’s 50 day moving average price is $102.66 and its 200-day moving average price is $90.04. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 54.47 and a beta of 0.65.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results 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

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.