Nissan Chemical (OTCMKTS:NNCHY) Trading Down 6.5% – Time to Sell?

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) were down 6.5% during trading on Tuesday . The company traded as low as $38.7575 and last traded at $38.7575. Approximately 290 shares traded hands during trading, a decline of 50% from the average daily volume of 580 shares. The stock had previously closed at $41.46.

Analysts Set New Price Targets

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

Nissan Chemical Stock Performance

The company has a market cap of $5.22 billion, a PE ratio of 16.92 and a beta of -0.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.72. The firm’s 50 day moving average is $40.83 and its 200-day moving average is $37.01.

Nissan Chemical (OTCMKTS:NNCHY) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.59 earnings per share (EPS) for the quarter. Nissan Chemical had a net margin of 17.07% and a return on equity of 19.08%. The company had revenue of $424.19 million during the quarter.

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.