Resonac (OTCMKTS:SHWDY) Shares Gap Down – Time to Sell?

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down before the market opened on Thursday . The stock had previously closed at $59.3310, but opened at $53.4850. Resonac shares last traded at $54.8250, with a volume of 1,012 shares.

Analysts Set New Price Targets

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

Resonac Trading Down 7.6%

The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 274.14 and a beta of 0.42. 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 business has a 50-day moving average of $43.89 and a 200-day moving average of $36.10.

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

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.