Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – What’s Next?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $33.74, but opened at $40.12. Nissan Chemical shares last traded at $40.12, with a volume of 294 shares trading hands.

Analyst Upgrades and Downgrades

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

Nissan Chemical Stock Up 13.5%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.82 and a current ratio of 3.05. The firm’s 50-day moving average is $34.84 and its 200 day moving average is $35.29. The firm has a market capitalization of $5.43 billion, a PE ratio of 15.95 and a beta of -0.20.

Nissan Chemical (OTCMKTS:NNCHY) last released its quarterly earnings results on Monday, February 9th. The company reported $0.59 EPS for 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.