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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $108.3250, but opened at $100.00. Resonac shares last traded at $100.00, with a volume of 451 shares traded.

Resonac Trading Down 4.4%

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35. The business’s fifty day simple moving average is $102.66 and its 200 day simple moving average is $90.04. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 54.47 and a beta of 0.65.

Resonac (OTCMKTS:SHWDY) last issued its earnings results on Thursday, August 6th. The company reported $1.03 earnings per share for the quarter. Resonac had a net margin of 4.05% and a return on equity of 7.68%. The company had revenue of $2.32 billion for the quarter.

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.