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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped down prior to trading on Monday . The stock had previously closed at $75.9050, but opened at $70.00. Resonac shares last traded at $68.59, with a volume of 425 shares changing hands.

Wall Street Analyst Weigh In

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

Resonac Trading Down 9.6%

The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 64.71 and a beta of 0.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.30 and a current ratio of 1.74. The company has a 50 day moving average price of $57.51 and a 200 day moving average price of $42.78.

Resonac (OTCMKTS:SHWDY) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $2.34 billion during the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.

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.