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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $86.39, but opened at $71.48. Resonac shares last traded at $71.48, with a volume of 1,713 shares trading hands.

Resonac Trading Down 22.4%

The business has a fifty day moving average of $98.15 and a 200-day moving average of $89.59. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 36.53 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.54 and a quick ratio of 1.14.

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

About Resonac

Resonac Holdings Corporation is a Japan-based chemical and materials company formerly known as Showa Denko. The company was rebranded as Resonac in 2023 following the integration of Showa Denko and Showa Denko Materials, which was previously known as Hitachi Chemical.

Resonac develops and manufactures advanced materials and chemical products used in semiconductor and electronic applications, mobility, energy, and industrial markets. Its offerings include semiconductor packaging materials, silicon carbide and other semiconductor-related materials, graphite electrodes, battery materials, specialty chemicals, petrochemical products, and high-performance resins and films.

The company serves customers in Japan and international markets through a global manufacturing, research, and sales network.