Nissan Chemical (OTCMKTS:NNCHY) Sees Unusually-High Trading Volume – Time to Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares saw unusually-high trading volume on Tuesday . Approximately 1,980 shares traded hands during trading, an increase of 466% from the previous session’s volume of 350 shares.The stock last traded at $34.11 and had previously closed at $35.68.

Wall Street Analyst Weigh In

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

Nissan Chemical Stock Up 1.6%

The company has a market capitalization of $4.63 billion, a P/E ratio of 15.23 and a beta of -0.20. 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 firm has a fifty day simple moving average of $33.98 and a 200-day simple moving average of $34.75.

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