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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $35.75, but opened at $31.68. Nissan Chemical shares last traded at $31.68, with a volume of 385 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup cut 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, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nissan Chemical Stock Down 1.8%

The firm’s fifty day simple moving average is $34.27 and its 200 day simple moving average is $35.05. The company has a current ratio of 3.05, a quick ratio of 1.82 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 16.13 and a beta of -0.20.

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