Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Here’s Why

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped up before the market opened on Monday . The stock had previously closed at $33.74, but opened at $40.12. Nissan Chemical shares last traded at $40.12, with a volume of 294 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Nissan Chemical from a “buy” rating to a “neutral” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Nissan Chemical Stock Performance

The company has a market cap of $5.43 billion, a PE ratio of 15.95 and a beta of -0.20. The stock has a 50 day simple moving average of $34.84 and a two-hundred day simple moving average of $35.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.05 and a quick ratio of 1.82.

Nissan Chemical (OTCMKTS:NNCHY) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.59 EPS for the quarter. Nissan Chemical had a net margin of 17.25% and a return on equity of 19.00%.

Nissan Chemical Company Profile

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.