Nissan Chemical (OTCMKTS:NNCHY) Releases Earnings Results

Nissan Chemical (OTCMKTS:NNCHY) issued its earnings results on Monday. The company reported $0.59 EPS for the quarter, Zacks reports. Nissan Chemical had a return on equity of 19.00% and a net margin of 17.25%.

Nissan Chemical Price Performance

NNCHY opened at $35.26 on Monday. The firm’s 50-day simple moving average is $34.84 and its 200-day simple moving average is $35.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.82 and a current ratio of 3.05. Nissan Chemical has a twelve month low of $24.74 and a twelve month high of $40.43. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 15.74 and a beta of -0.20.

Wall Street Analyst Weigh In

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

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.