Resonac (OTCMKTS:SHWDY) Shares Gap Down – Should You Sell?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $46.50, but opened at $43.50. Resonac shares last traded at $44.6750, with a volume of 1,089 shares changing hands.

Analyst Ratings Changes

Separately, Nomura Securities upgraded Resonac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Resonac Stock Performance

The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 223.39 and a beta of 0.41. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30. The stock has a 50 day moving average price of $38.45 and a two-hundred day moving average price of $31.84.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter. The firm had revenue of $2.33 billion during the quarter. Resonac had a net margin of 0.43% and a return on equity of 3.94%.

About Resonac

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.