Zacks Investment Research cut shares of NISSAN CHEM IND/ADR (OTCMKTS:NNCHY) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “Nissan Chemical Industries, Ltd. engaged in the manufacture and sale of industrial chemicals. Its operating segments include Chemicals, Functional Materials, Agrochemicals, Pharmaceuticals, Wholesale Business and Others. The Chemicals segment deals with fine and basic chemicals which consists of melamine, sulfuric and nitric acid, ammonia and epoxy compound. The Functional Materials segment produces display, semiconductor and inorganic materials. The Agrochemicals segment markets herbicides, insecticides and fungicide. The Pharmaceuticals segment offers anti-cholesterol agent and custom chemicals. The Wholesale Business segment handles chemical trading. The Others segment includes fertilizers, transportation, landscaping and engineering. Nissan Chemical Industries, Ltd is headquartered in Tokyo, Japan. “

Separately, Jefferies Financial Group downgraded NISSAN CHEM IND/ADR from a hold rating to an underperform rating in a report on Tuesday, March 5th.

OTCMKTS NNCHY opened at $47.80 on Tuesday. The firm has a market capitalization of $7.12 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.50 and a beta of 0.42. NISSAN CHEM IND/ADR has a twelve month low of $37.70 and a twelve month high of $54.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.10 and a quick ratio of 1.90.


Nissan Chemical Corporation engages in chemicals, performance materials, agricultural chemicals, pharmaceuticals, and advanced materials and planning businesses in Japan and internationally. Its chemical products include MELAMINE, an adhesive agent; high purity chemicals; AdBlue, a urea solution; FINEOXOCOL, a saturated fatty alcohol and acid; ammonia, sulfuric, and nitric acid; TEPIC, an epoxy compound; Melamine Cyanurate, a flame retardant; Nissan Reishi, a health food; phenylphosphonic acid, a surface modifier; HI-LITE, a chlorinated isocyanulate; and OPTBEADS, a melamine-formaldehyde resin and silica.

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