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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $44.97, but opened at $51.10. Nissan Chemical shares last traded at $51.10, with a volume of 124 shares changing hands.

Nissan Chemical Price Performance

The firm has a 50-day simple moving average of $48.06 and a 200-day simple moving average of $42.51. The firm has a market capitalization of $6.89 billion, a PE ratio of 20.60 and a beta of 0.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 1.86.

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.