Resonac (OTCMKTS:SHWDY) Shares Gap Up – Here’s What Happened

Resonac Holdings Corporation Unsponsored ADR (OTCMKTS:SHWDY) shares gapped up before the market opened on Thursday. The stock had previously closed at $84.70, but opened at $89.35. Resonac shares last traded at $89.35, with a volume of 195 shares changing hands.

Resonac Stock Performance

The company has a market capitalization of $17.14 billion, a PE ratio of 48.67 and a beta of 0.83. The business’s fifty day moving average is $94.67 and its two-hundred day moving average is $89.96. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.83.

Resonac Company Profile

Resonac is a Japanese materials and chemicals group serving industries that include semiconductors, electronics, mobility and industrial manufacturing. Its offerings include semiconductor packaging and process materials, electronic materials, specialty chemicals, carbon products and materials used in vehicle components. The company was established in 2023 through the integration of Showa Denko and Showa Denko Materials, which was formerly Hitachi Chemical. The combined business brought together chemical and materials operations with a focus on supplying products for advanced technologies and industrial applications.