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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price 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 changing hands.

Resonac Price Performance

The company’s 50 day simple moving average is $96.74 and its two-hundred day simple moving average is $95.12. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 1.14. The stock has a market capitalization of $16.52 billion, a P/E ratio of 47.09 and a beta of 0.70.

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

About Resonac

Resonac Holdings Corporation is a Japanese chemical and advanced materials company headquartered in Tokyo. Formerly known as Showa Denko K.K., the company adopted the Resonac name in January 2023 following the integration of Showa Denko and Showa Denko Materials, formerly Hitachi Chemical.

Resonac develops and manufactures materials used in semiconductors, electronic components, automobiles, energy storage and industrial applications. Its products include semiconductor packaging materials, molding compounds, die-attach films, copper-clad laminates, polishing materials and other materials used in chip manufacturing.