NISSAN CHEM IND/ADR (OTCMKTS:NNCHY) Stock Rating Lowered by Zacks Investment Research

NISSAN CHEM IND/ADR (OTCMKTS:NNCHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “Nissan Chemical Corporation is a chemical manufacturing company. It offers melamine, sulfuric acid, nitric acid and ammonia; fine chemicals, including special epoxy, flame retardant and disinfectant. Nissan Chemical Corporation, formerly known as Nissan Chemical Industries Ltd., is based in Tokyo, Japan. “

Shares of OTCMKTS:NNCHY opened at $45.19 on Friday. NISSAN CHEM IND/ADR has a fifty-two week low of $41.85 and a fifty-two week high of $54.81. The business has a 50-day moving average of $43.72. The firm has a market capitalization of $6.73 billion, a PE ratio of 25.39, a P/E/G ratio of 2.26 and a beta of 0.53. The company has a quick ratio of 1.90, a current ratio of 3.10 and a debt-to-equity ratio of 0.01.

NISSAN CHEM IND/ADR (OTCMKTS:NNCHY) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.64 earnings per share for the quarter. The company had revenue of $572.13 million during the quarter. As a group, equities analysts forecast that NISSAN CHEM IND/ADR will post 2 earnings per share for the current fiscal year.

About NISSAN CHEM IND/ADR

Nissan Chemical Corporation engages in chemicals, performance materials, agricultural chemicals, pharmaceuticals, and advanced materials and planning businesses in Japan and internationally. Its chemical products include MELAMINE, an adhesive agent; high purity chemicals; AdBlue, a urea solution; FINEOXOCOL, a saturated fatty alcohol and acid; ammonia, sulfuric, and nitric acid; TEPIC, an epoxy compound; Melamine Cyanurate, a flame retardant; Nissan Reishi, a health food; phenylphosphonic acid, a surface modifier; HI-LITE, a chlorinated isocyanulate; and OPTBEADS, a melamine-formaldehyde resin and silica.

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