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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped down before the market opened on Friday . The stock had previously closed at $31.85, but opened at $26.81. Nissan Chemical shares last traded at $31.30, with a volume of 909 shares changing hands.

Nissan Chemical Stock Down 1.7%

The company has a current ratio of 2.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.28 billion, a P/E ratio of 15.19 and a beta of 0.01. The business has a 50-day moving average price of $30.00 and a 200 day moving average price of $30.25.

Nissan Chemical (OTCMKTS:NNCHY) last posted its earnings results on Thursday, May 15th. The company reported $0.51 EPS for the quarter. The firm had revenue of $501.97 million during the quarter. Nissan Chemical had a return on equity of 17.98% and a net margin of 17.10%.

About Nissan Chemical

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.