Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemNissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $51.02, but opened at $47.33. Nissan Chemical shares last traded at $47.33, with a volume of 249 shares changing hands.
Nissan Chemical Trading Down 1.0%
The business has a 50-day moving average of $48.00 and a 200-day moving average of $42.43. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 19.67 and a beta of 0.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.86 and a current ratio of 2.84.
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.