Nissan Chemical (OTCMKTS:NNCHY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) saw strong trading volume on Monday . 2,099 shares were traded during trading, an increase of 144% from the previous session’s volume of 860 shares.The stock last traded at $35.59 and had previously closed at $35.30.

Analysts Set New Price Targets

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

Nissan Chemical Stock Performance

The stock has a fifty day simple moving average of $33.83 and a 200-day simple moving average of $34.86. The company has a quick ratio of 1.82, a current ratio of 3.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.83 billion, a P/E ratio of 15.87 and a beta of -0.20.

Nissan Chemical (OTCMKTS:NNCHY) last announced its earnings results on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $408.41 million during the quarter. Nissan Chemical had a net margin of 17.25% and a return on equity of 19.00%.

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.