Resonac (OTCMKTS:SHWDY) Shares Gap Down – Should You Sell?

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down before the market opened on Monday . The stock had previously closed at $75.9050, but opened at $70.00. Resonac shares last traded at $68.59, with a volume of 425 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Resonac to a “strong-buy” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Resonac Price Performance

The firm has a 50 day moving average of $58.80 and a 200-day moving average of $43.44. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 1.21. The company has a market cap of $13.13 billion, a P/E ratio of 66.98 and a beta of 0.34.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.83 earnings per share for the quarter. The business had revenue of $2.34 billion during the quarter. Resonac had a return on equity of 4.19% and a net margin of 2.11%.

Resonac Company Profile

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.