Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Should You Buy?
by Danessa Lincoln · The Markets DailyNissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $38.04, but opened at $41.42. Nissan Chemical shares last traded at $41.42, with a volume of 601 shares changing hands.
Wall Street Analysts Forecast Growth
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, the company currently has an average rating of “Hold”.
Read Our Latest Report on Nissan Chemical
Nissan Chemical Stock Performance
The firm’s fifty day moving average is $39.78 and its 200-day moving average is $36.75. The company has a current ratio of 2.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.58 billion, a PE ratio of 18.09 and a beta of -0.23.
Nissan Chemical (OTCMKTS:NNCHY – Get Free Report) last announced its earnings results on Monday, February 9th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $424.19 million during the quarter. Nissan Chemical had a net margin of 17.07% and a return on equity of 19.08%.
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.