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

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped down before the market opened 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.

Resonac Price Performance

The stock has a market cap of $12.64 billion, a PE ratio of 35.88 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average is $96.61 and its 200 day moving average is $89.76.

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

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.