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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares gapped down before the market opened on Monday . The stock had previously closed at $36.3710, but opened at $33.16. Nissan Chemical shares last traded at $33.16, with a volume of 545 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup cut Nissan Chemical from a “buy” rating to a “neutral” rating in a research 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 a consensus rating of “Hold”.

Nissan Chemical Price Performance

The firm has a 50-day simple moving average of $34.74 and a two-hundred day simple moving average of $35.27. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.06 and a beta of -0.20. The company has a current ratio of 3.05, a quick ratio of 1.82 and a debt-to-equity ratio of 0.04.

Nissan Chemical (OTCMKTS:NNCHY) last issued its earnings results on Monday, November 10th. The company reported $0.45 EPS for the quarter. The firm had revenue of $408.41 million for the quarter. Nissan Chemical had a return on equity of 19.00% and a net margin of 17.25%.

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.