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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down prior to trading on Thursday . The stock had previously closed at $46.50, but opened at $43.50. Resonac shares last traded at $44.6750, with a volume of 1,089 shares trading hands.

Analyst Ratings Changes

Separately, Nomura Securities upgraded Resonac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Resonac Price Performance

The company has a 50-day moving average price of $38.59 and a 200-day moving average price of $32.09. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.74 and a quick ratio of 1.30. The firm has a market capitalization of $8.28 billion, a PE ratio of 223.79 and a beta of 0.41.

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

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.