Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Time to Sell?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $35.75, but opened at $31.68. Nissan Chemical shares last traded at $31.68, with a volume of 385 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Nissan Chemical from a “buy” rating to a “neutral” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Nissan Chemical currently has a consensus rating of “Hold”.

Nissan Chemical Trading Down 10.9%

The company has a market cap of $4.30 billion, a price-to-earnings ratio of 14.14 and a beta of -0.20. The business’s fifty day moving average price is $34.11 and its 200 day moving average price is $35.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.05 and a quick ratio of 1.82.

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 return on equity of 19.00% and a net margin of 17.25%.

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.