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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $51.06, but opened at $49.3265. Nissan Chemical shares last traded at $49.3265, with a volume of 107 shares trading hands.

Nissan Chemical Stock Performance

The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 19.27 and a beta of 0.02. The company has a 50 day simple moving average of $48.15 and a 200-day simple moving average of $44.98. The company has a quick ratio of 1.86, a current ratio of 2.84 and a debt-to-equity ratio of 0.04.

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.