Nissan Chemical (OTCMKTS:NNCHY) Hits New 1-Year High – Time to Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $57.30 and last traded at $57.30, with a volume of 404 shares. The stock had previously closed at $50.2560.

Nissan Chemical Stock Performance

The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.38 and a beta of 0.02. The company’s 50-day moving average is $48.56 and its 200-day moving average is $45.79. The company has a quick ratio of 1.86, a current ratio of 2.96 and a debt-to-equity ratio of 0.08.

About Nissan Chemical

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Nissan Chemical Corporation is a Japan-based chemical company that develops and manufactures products for agricultural, industrial and advanced technology markets. The company traces its origins to 1887 and is headquartered in Tokyo. It was formerly known as Nissan Chemical Industries, Ltd.

The company’s principal businesses include agricultural chemicals, basic and specialty chemicals, and performance materials. Its product portfolio serves applications such as crop protection, semiconductor manufacturing, display technologies, optical materials and other high-performance industrial uses.

Nissan Chemical also conducts pharmaceutical-related research and development and supplies materials used in a range of specialized applications.

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