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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $108.87, but opened at $85.18. Resonac shares last traded at $85.18, with a volume of 205 shares.

Resonac Price Performance

The stock has a market cap of $16.28 billion, a PE ratio of 46.39 and a beta of 0.76. The firm’s 50-day moving average price is $101.10 and its two-hundred day moving average price is $87.93. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83.

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

Resonac Company Profile

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.