Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – What’s Next?

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped down prior to trading on Wednesday. The stock had previously closed at $58.96, but opened at $45.22. Nissan Chemical shares last traded at $45.22, with a volume of 253 shares.

Nissan Chemical Price Performance

The company has a current ratio of 2.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average price is $54.70 and its two-hundred day moving average price is $46.83. The stock has a market cap of $6.10 billion and a P/E ratio of 17.80.

Nissan Chemical (OTCMKTS:NNCHY) last posted its earnings results on Monday, November 9th. The company reported $0.43 earnings per share for the quarter. The firm had revenue of $419.70 million for the quarter. Nissan Chemical had a return on equity of 20.77% and a net margin of 17.93%.

Nissan Chemical Company Profile

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.