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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down prior to trading on Monday. The stock had previously closed at $100.22, but opened at $89.4530. Resonac shares last traded at $86.45, with a volume of 238 shares traded.

Resonac Stock Performance

The firm’s fifty day moving average price is $96.68 and its 200-day moving average price is $94.90. The company has a market cap of $16.52 billion, a P/E ratio of 47.09 and a beta of 0.70. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83.

Resonac (OTCMKTS:SHWDY) last released its earnings results on Thursday, August 6th. The company reported $1.03 earnings per share for the quarter. Resonac had a return on equity of 7.54% and a net margin of 4.05%.The business had revenue of $2.32 billion for the quarter.

Resonac Company Profile

Resonac Corporation is a Japan-based chemical and materials company formerly known as Showa Denko K.K. The company changed its name to Resonac in January 2023 following the integration of Showa Denko and Showa Denko Materials, formerly Hitachi Chemical. Resonac develops materials and technologies used across the semiconductor, electronics, automotive, energy and industrial sectors.

The company’s products include semiconductor and electronic materials, semiconductor packaging materials, silicon carbide epitaxial wafers, high-purity gases, graphite electrodes and advanced carbon products.