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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $45.9620, but opened at $38.04. Nissan Chemical shares last traded at $38.04, with a volume of 1,549 shares trading hands.

Wall Street Analyst Weigh In

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

Nissan Chemical Stock Performance

The firm has a market capitalization of $5.17 billion, a P/E ratio of 16.61 and a beta of -0.23. The company’s 50 day moving average is $38.66 and its 200-day moving average is $36.44. The company has a quick ratio of 1.82, a current ratio of 3.05 and a debt-to-equity ratio of 0.04.

Nissan Chemical (OTCMKTS:NNCHY) last posted its earnings results on Monday, February 9th. The company reported $0.59 EPS for the quarter. Nissan Chemical had a return on equity of 19.04% and a net margin of 17.07%.The company had revenue of $424.19 million for the quarter.

About Nissan Chemical

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.