Resonac (OTCMKTS:SHWDY) Trading Down 14.4% – Here’s Why

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) dropped 14.4% during trading on Monday . The company traded as low as $108.00 and last traded at $108.00. Approximately 540 shares traded hands during trading, a decline of 11% from the average daily volume of 609 shares. The stock had previously closed at $126.17.

Resonac Price Performance

The company has a 50 day simple moving average of $77.79 and a 200 day simple moving average of $58.36. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 102.83 and a beta of 0.49. The company has a quick ratio of 1.37, a current ratio of 1.80 and a debt-to-equity ratio of 1.07.

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

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.