Nissan Chemical (OTCMKTS:NNCHY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) saw unusually-strong trading volume on Monday . Approximately 2,099 shares traded hands during trading, an increase of 144% from the previous session’s volume of 860 shares.The stock last traded at $35.59 and had previously closed at $35.30.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of 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, According to MarketBeat, the company presently has an average rating of “Hold”.

Nissan Chemical Trading Up 3.4%

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 business’s 50-day moving average is $33.85 and its two-hundred day moving average is $34.93. The firm has a market cap of $4.92 billion, a P/E ratio of 16.19 and a beta of -0.20.

Nissan Chemical (OTCMKTS:NNCHY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.45 EPS for the quarter. The company 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%.

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.