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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $48.86, but opened at $41.9260. Nissan Chemical shares last traded at $41.9260, with a volume of 813 shares.

Nissan Chemical Stock Down 14.2%

The company has a current ratio of 2.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $43.85 and its two-hundred day moving average is $39.55. The firm has a market cap of $5.65 billion, a P/E ratio of 16.91 and a beta of -0.02.

About Nissan Chemical

(Get Free Report)

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.

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