Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Here’s What Happened

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped down prior to trading on Wednesday. The stock had previously closed at $58.96, but opened at $45.22. Nissan Chemical shares last traded at $45.22, with a volume of 253 shares changing hands.

Nissan Chemical Price Performance

The firm’s 50-day moving average is $54.70 and its 200-day moving average is $46.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.96 and a quick ratio of 1.92. The company has a market capitalization of $6.10 billion and a P/E ratio of 17.80.

Nissan Chemical (OTCMKTS:NNCHY) last announced its earnings results on Monday, November 9th. The company reported $0.43 EPS for the quarter. Nissan Chemical had a return on equity of 20.77% and a net margin of 17.93%. The company had revenue of $419.70 million for the quarter.

Nissan Chemical Company Profile

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.