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

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down prior to trading 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 traded.

Analyst Ratings Changes

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

Resonac Stock Down 3.9%

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 company has a market cap of $8.26 billion, a price-to-earnings ratio of 223.39 and a beta of 0.41. The firm has a 50-day moving average price of $38.45 and a 200 day moving average price of $31.84.

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

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.