Resonac (OTCMKTS:SHWDY) Shares Down 14.2% – Time to Sell?

Resonac Holdings Co. (OTCMKTS:SHWDY)’s stock price dropped 14.2% on Monday . The stock traded as low as $22.65 and last traded at $22.65. Approximately 207 shares changed 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 50 day moving average price of $26.38 and a 200-day moving average price of $24.23. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 17.83 and a beta of 0.40. The company has a quick ratio of 1.18, a current ratio of 1.65 and a debt-to-equity ratio of 1.37.

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

Resonac Company Profile

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.