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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $49.6255, but opened at $40.33. Nissan Chemical shares last traded at $40.33, with a volume of 234 shares traded.

Analyst Upgrades and Downgrades

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

Nissan Chemical Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.82 and a current ratio of 3.05. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 17.61 and a beta of -0.20. The business’s 50 day moving average is $37.85 and its 200 day moving average is $36.29.

Nissan Chemical (OTCMKTS:NNCHY) last released its quarterly earnings data 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 19.04%. The firm 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.