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 $121.59, but opened at $108.8970. Resonac shares last traded at $111.97, with a volume of 469 shares trading hands.

Resonac Trading Down 9.0%

The firm’s 50 day moving average is $100.90 and its 200 day moving average is $72.70. 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 company has a market cap of $20.70 billion, a PE ratio of 91.33 and a beta of 0.59.

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

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.