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

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down prior to trading on Wednesday . The stock had previously closed at $112.92, but opened at $95.01. Resonac shares last traded at $95.01, with a volume of 431 shares traded.

Resonac Price Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.81 and a quick ratio of 1.35. The stock has a market capitalization of $17.57 billion, a PE ratio of 77.50 and a beta of 0.60. The company has a 50 day moving average price of $109.86 and a 200-day moving average price of $81.00.

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.