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

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped up before the market opened on Friday . The stock had previously closed at $43.6550, but opened at $49.65. Nissan Chemical shares last traded at $49.65, with a volume of 245 shares traded.

Nissan Chemical Stock Up 13.7%

The company has a current ratio of 2.84, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 20.02 and a beta of 0.02. The firm’s fifty day simple moving average is $45.40 and its two-hundred day simple moving average is $40.76.

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.