Resonac (OTCMKTS:SHWDY) Shares Gap Up – What’s Next?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $102.55, but opened at $114.00. Resonac shares last traded at $114.00, with a volume of 436 shares changing hands.

Resonac Price Performance

The company has a market cap of $21.08 billion, a PE ratio of 92.99 and a beta of 0.59. The stock has a fifty day moving average price of $94.86 and a 200-day moving average price of $69.07. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Thursday, May 21st. The company reported $999.00 earnings per share 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.