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

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) gapped down prior to trading on Wednesday. The stock had previously closed at $108.87, but opened at $94.00. Resonac shares last traded at $94.00, with a volume of 154 shares.

Resonac Stock Performance

The business has a fifty day simple moving average of $101.16 and a 200-day simple moving average of $99.28. 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 firm has a market cap of $17.97 billion, a P/E ratio of 51.09 and a beta of 0.76.

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

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.