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Resonac (OTCMKTS:SHWDY) Shares Gap Down - Should You Sell?

Resonac logo with Basic Materials background

Key Points

  • Resonac Holdings Corporation shares gapped down from $43.07 to $38.40 before the market opened on Thursday, leading to a 5.5% drop in stock price.
  • Nomura Securities upgraded Resonac's stock rating from "hold" to "strong-buy", with an overall average rating of "Strong Buy" from analysts.
  • The company reported earnings of $0.42 per share for the last quarter, with a net margin of 2.53% and a return on equity of 8.07%.
  • MarketBeat previews top five stocks to own in November.

Shares of Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $43.07, but opened at $38.40. Resonac shares last traded at $38.40, with a volume of 10,376 shares changing hands.

Analyst Ratings Changes

Separately, Nomura Securities raised shares of Resonac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Get Our Latest Report on Resonac

Resonac Stock Down 5.5%

The company has a quick ratio of 1.33, a current ratio of 1.89 and a debt-to-equity ratio of 1.26. The business's 50-day moving average is $29.07 and its 200-day moving average is $23.85. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 32.82 and a beta of 0.45.

Resonac (OTCMKTS:SHWDY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter. Resonac had a net margin of 2.53% and a return on equity of 8.07%.

Resonac Company Profile

(Get Free Report)

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.

See Also

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