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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down prior to trading on Thursday . The stock had previously closed at $59.3310, but opened at $53.4850. Resonac shares last traded at $54.8250, with a volume of 1,012 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Resonac to a “strong-buy” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Resonac Stock Performance

The company has a market capitalization of $10.14 billion, a PE ratio of 274.14 and a beta of 0.42. The firm has a 50-day moving average of $43.11 and a two-hundred day moving average of $35.76. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 1.21.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter. The firm had revenue of $2.33 billion for the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.

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.