Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Here’s Why
by Teresa Graham · 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 $35.68, but opened at $33.56. Nissan Chemical shares last traded at $33.56, with a volume of 340 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered Nissan Chemical from a “buy” rating to a “neutral” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Nissan Chemical currently has a consensus rating of “Hold”.
Read Our Latest Analysis on NNCHY
Nissan Chemical Trading Down 5.9%
The company has a 50 day moving average of $34.06 and a 200 day moving average of $34.74. 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 stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 14.98 and a beta of -0.20.
Nissan Chemical (OTCMKTS:NNCHY – Get Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $408.41 million for the quarter. Nissan Chemical had a net margin of 17.25% and a return on equity of 19.00%.
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.