Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Time to Sell?
by Renee Jackson · The Cerbat GemNissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $35.5560, but opened at $33.83. Nissan Chemical shares last traded at $35.07, with a volume of 695 shares trading hands.
Analysts Set New Price Targets
Separately, Citigroup lowered Nissan Chemical from a “buy” rating to a “neutral” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Report on NNCHY
Nissan Chemical Stock Down 1.4%
The business’s fifty day moving average price is $33.85 and its two-hundred day moving average price is $34.89. 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 firm has a market capitalization of $4.76 billion, a P/E ratio of 15.66 and a beta of -0.20.
Nissan Chemical (OTCMKTS:NNCHY – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.45 EPS for the quarter. The firm had revenue of $408.41 million during the quarter. Nissan Chemical had a net margin of 17.25% and a return on equity of 19.00%.
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.