Resonac (OTCMKTS:SHWDY) Trading Down 14.4% – Here’s What Happened

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY)’s share price fell 14.4% during mid-day trading on Monday . The company traded as low as $108.00 and last traded at $108.00. 540 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 609 shares. The stock had previously closed at $126.17.

Resonac Stock Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.80 and a quick ratio of 1.37. The company has a fifty day moving average of $77.79 and a two-hundred day moving average of $58.36. The stock has a market capitalization of $20.15 billion, a P/E ratio of 102.83 and a beta of 0.49.

Resonac (OTCMKTS:SHWDY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $2.34 billion for the quarter. Resonac had a return on equity of 4.11% 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.