Nissan Chemical (OTCMKTS:NNCHY) Sets New 52-Week High – Here’s What Happened

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares hit a new 52-week high on Tuesday . The company traded as high as $9,000.00 and last traded at $9,000.00, with a volume of 2 shares trading hands. The stock had previously closed at $35.26.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Nissan Chemical Stock Up 25,424.7%

The company has a quick ratio of 1.82, a current ratio of 3.05 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $35.01 and a 200 day moving average price of $35.36. The stock has a market cap of $1.22 trillion, a PE ratio of 4,017.86 and a beta of -0.20.

Nissan Chemical (OTCMKTS:NNCHY) last released its earnings results on Monday, February 9th. The company reported $0.59 earnings per share for the quarter. Nissan Chemical had a return on equity of 19.00% and a net margin of 17.25%.The business had revenue of $424.19 million for the quarter.

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.