Nissan Chemical (OTCMKTS:NNCHY) Posts Quarterly Earnings Results

Nissan Chemical (OTCMKTS:NNCHY) announced its quarterly earnings data on Monday. The company reported $0.59 earnings per share for the quarter, Zacks reports. Nissan Chemical had a net margin of 17.25% and a return on equity of 19.00%.

Nissan Chemical Stock Performance

Shares of Nissan Chemical stock opened at $35.26 on Monday. 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 fifty day moving average price of $34.84 and a 200 day moving average price of $35.29. Nissan Chemical has a 1 year low of $24.74 and a 1 year high of $40.43. The stock has a market cap of $4.79 billion, a PE ratio of 15.74 and a beta of -0.20.

Analysts Set New Price Targets

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

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.