Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Still a Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $33.56, but opened at $35.30. Nissan Chemical shares last traded at $35.30, with a volume of 192 shares traded.

Analyst Ratings Changes

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

Nissan Chemical Price Performance

The company has a 50-day moving average of $33.83 and a two-hundred day moving average of $34.81. 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 stock has a market capitalization of $4.85 billion, a PE ratio of 15.93 and a beta of -0.20.

Nissan Chemical (OTCMKTS:NNCHY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.45 earnings per share for the quarter. Nissan Chemical had a net margin of 17.25% and a return on equity of 19.00%. The business had revenue of $408.41 million for the quarter.

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.