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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares gapped down before the market opened on Monday . The stock had previously closed at $42.39, but opened at $39.3460. Nissan Chemical shares last traded at $39.3460, with a volume of 1,036 shares traded.

Nissan Chemical Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.62. The business’s fifty day simple moving average is $40.20 and its 200 day simple moving average is $37.25. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 18.90 and a beta of -0.13.

Nissan Chemical (OTCMKTS:NNCHY) last issued its earnings results on Monday, February 9th. The company reported $0.59 earnings per share 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 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.