Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Should You Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped up before the market opened on Friday . The stock had previously closed at $38.04, but opened at $42.55. Nissan Chemical shares last traded at $38.1610, with a volume of 265 shares.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Nissan Chemical from a “buy” rating to a “neutral” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Nissan Chemical presently has a consensus rating of “Hold”.

Nissan Chemical Trading Up 0.3%

The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.66 and a beta of -0.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.05 and a quick ratio of 1.82. The business’s 50-day moving average price is $38.66 and its two-hundred day moving average price is $36.44.

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

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.