Resonac (OTCMKTS:SHWDY) Trading Down 9.8% – Time to Sell?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) dropped 9.8% on Tuesday . The stock traded as low as $102.55 and last traded at $102.55. Approximately 241 shares changed hands during trading, a decline of 58% from the average daily volume of 580 shares. The stock had previously closed at $113.68.

Resonac Price Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37. The stock has a 50 day moving average price of $92.12 and a 200-day moving average price of $67.20. The stock has a market capitalization of $19.23 billion, a price-to-earnings ratio of 84.83 and a beta of 0.59.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Thursday, May 21st. The company reported $999.00 EPS for the quarter. Resonac had a return on equity of 4.89% and a net margin of 2.59%.

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.