Nissan Chemical (OTCMKTS:NNCHY) Trading Up 14% – Here’s What Happened

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shot up 14% on Thursday . The company traded as high as $45.9620 and last traded at $45.9620. 1,327 shares traded hands during trading, an increase of 130% from the average session volume of 577 shares. The stock had previously closed at $40.33.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded 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, According to data from MarketBeat.com, Nissan Chemical has an average rating of “Hold”.

Nissan Chemical Stock Up 14.0%

The company has a market cap of $6.24 billion, a price-to-earnings ratio of 20.07 and a beta of -0.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.05 and a quick ratio of 1.82. The firm has a 50-day moving average price of $37.85 and a 200 day moving average price of $36.29.

Nissan Chemical (OTCMKTS:NNCHY) last released its quarterly earnings results on Monday, February 9th. The company reported $0.59 earnings per share for the quarter. Nissan Chemical had a return on equity of 19.04% and a net margin of 17.07%.The business had revenue of $424.19 million during the quarter.

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.