Nissan Chemical (OTCMKTS:NNCHY) Announces Earnings Results

Nissan Chemical (OTCMKTS:NNCHY) released its quarterly earnings results on Monday. The company reported $0.59 earnings per share 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

Shares of NNCHY opened at $35.26 on Monday. The business’s fifty day moving average price is $34.84 and its two-hundred day moving average price is $35.29. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 15.74 and a beta of -0.20. Nissan Chemical has a 52 week low of $24.74 and a 52 week high of $40.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.82 and a current ratio of 3.05.

Analysts Set New Price Targets

Separately, Citigroup lowered Nissan Chemical from a “buy” rating to a “neutral” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently 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.