Resonac (OTCMKTS:SHWDY) Shares Gap Down – Time to Sell?
by Scott Moore · The Cerbat GemResonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $46.51, but opened at $43.55. Resonac shares last traded at $43.55, with a volume of 111 shares trading hands.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Resonac to a “strong-buy” rating in a report on Monday. Nomura Securities raised shares of Resonac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.
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Resonac Stock Performance
The firm’s fifty day moving average price is $38.74 and its 200-day moving average price is $32.56. 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 $7.95 billion, a P/E ratio of 215.01 and a beta of 0.41.
Resonac (OTCMKTS:SHWDY – Get Free Report) last released its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter. Resonac had a return on equity of 3.94% and a net margin of 0.43%.The firm had revenue of $2.33 billion during the quarter.
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.