Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Should You Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped up prior to trading on Tuesday . The stock had previously closed at $40.0190, but opened at $45.98. Nissan Chemical shares last traded at $45.98, with a volume of 275 shares.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Nissan Chemical from a “buy” rating to a “neutral” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nissan Chemical Stock Performance

The stock’s 50 day moving average is $36.62 and its two-hundred day moving average is $35.87. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 20.08 and a beta of -0.20. The company has a current ratio of 3.05, a quick ratio of 1.82 and a debt-to-equity ratio of 0.04.

Nissan Chemical (OTCMKTS:NNCHY) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.59 EPS for the quarter. The company had revenue of $424.19 million for the quarter. Nissan Chemical had a return on equity of 19.04% and a net margin of 17.07%.

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.