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

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped down prior to trading on Monday . The stock had previously closed at $49.6255, but opened at $40.33. Nissan Chemical shares last traded at $40.33, with a volume of 234 shares trading hands.

Analysts Set New Price Targets

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

Nissan Chemical Price Performance

The company has a 50 day moving average of $37.56 and a 200 day moving average of $36.17. The company has a current ratio of 3.05, a quick ratio of 1.82 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 17.61 and a beta of -0.20.

Nissan Chemical (OTCMKTS:NNCHY) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $424.19 million during the quarter. Nissan Chemical had a return on equity of 19.04% and a net margin of 17.07%.

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.