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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $35.5560, but opened at $33.83. Nissan Chemical shares last traded at $35.07, with a volume of 695 shares traded.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of 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, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Nissan Chemical Stock Performance

The company has a market capitalization of $4.76 billion, a PE ratio of 15.66 and a beta of -0.20. The firm has a 50-day moving average of $33.85 and a two-hundred day moving average of $34.89. The company has a quick ratio of 1.82, a current ratio of 3.05 and a debt-to-equity ratio of 0.04.

Nissan Chemical (OTCMKTS:NNCHY) last posted its earnings results on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter. The firm 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%.

About Nissan Chemical

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.