Nissan Chemical (OTCMKTS:NNCHY) Shares Down 10.7% – What’s Next?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHYGet Free Report)’s share price fell 10.7% during trading on Thursday . The company traded as low as $43.6550 and last traded at $43.6550. 200 shares traded hands during trading, a decline of 64% from the average session volume of 548 shares. The stock had previously closed at $48.86.

Nissan Chemical Stock Performance

The business has a 50 day moving average of $43.93 and a 200 day moving average of $39.62. The company has a market capitalization of $5.88 billion, a P/E ratio of 17.60 and a beta of 0.02. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

About Nissan Chemical

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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.

Further Reading

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