Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Should You Sell?

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped down before the market opened on Wednesday. The stock had previously closed at $58.96, but opened at $45.22. Nissan Chemical shares last traded at $45.22, with a volume of 253 shares trading hands.

Nissan Chemical Trading Down 2.9%

The stock has a 50 day moving average of $54.47 and a 200-day moving average of $46.92. The company has a market capitalization of $5.92 billion and a P/E ratio of 17.28. The company has a current ratio of 2.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.08.

Nissan Chemical (OTCMKTS:NNCHY) last released its earnings results on Monday, November 9th. The company reported $0.43 EPS for the quarter. Nissan Chemical had a net margin of 17.93% and a return on equity of 20.77%. The company had revenue of $419.70 million for the quarter.

About Nissan Chemical

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.