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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $111.21, but opened at $99.58. Resonac shares last traded at $98.61, with a volume of 430 shares.

Resonac Stock Down 11.3%

The stock’s fifty day simple moving average is $103.38 and its 200-day simple moving average is $86.31. The stock has a market cap of $18.84 billion, a P/E ratio of 53.71 and a beta of 0.65. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.35 and a current ratio of 1.81.

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

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.