Nissan Chemical (OTCMKTS:NNCHY) Trading Down 7.1% – Here’s Why

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) was down 7.1% during mid-day trading on Friday . The company traded as low as $35.49 and last traded at $35.49. Approximately 137 shares were traded during trading, a decline of 85% from the average daily volume of 912 shares. The stock had previously closed at $38.19.

Nissan Chemical Price Performance

The company’s 50 day moving average price is $36.59 and its 200 day moving average price is $32.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 2.58. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 15.91 and a beta of -0.02.

Nissan Chemical (OTCMKTS:NNCHY) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $483.65 million during the quarter. Nissan Chemical had a net margin of 17.30% and a return on equity of 18.88%.

About Nissan Chemical

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.