Resonac (OTCMKTS:SHWDY) Shares Down 14.2% – What’s Next?

Resonac Holdings Co. (OTCMKTS:SHWDY) dropped 14.2% during trading on Monday . The company traded as low as $22.65 and last traded at $22.65. Approximately 207 shares traded hands during trading, a decline of 86% from the average daily volume of 1,443 shares. The stock had previously closed at $26.40.

Resonac Price Performance

The company has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $24.24. The company has a current ratio of 1.65, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The firm has a market cap of $4.19 billion, a P/E ratio of 17.83 and a beta of 0.40.

Resonac (OTCMKTS:SHWDY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.48 earnings per share for the quarter. Resonac had a net margin of 2.46% and a return on equity of 7.39%. The firm had revenue of $2.41 billion for the quarter.

About Resonac

Resonac Holdings Corporation operates as a chemical company in Japan, China, rest of Asia, and internationally. It operates through Semiconductor and Electronic Materials, Mobility, Innovation Enabling Materials, and Chemicals segments. The company offers gases and solvents, abatement systems and surface treatments, CMP slurries, and anti-charging materials; semiconductor-related materials, display and sensor-related materials, and films; base and photosensitive materials for PWBs; hard disks, SiCs, and optical semiconductors for use as electronic device components; and molded plastics/sheet-formed, powder metal, and aluminum products for automotives.