Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Here’s What Happened

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $42.1380, but opened at $46.95. Nissan Chemical shares last traded at $46.95, with a volume of 178 shares traded.

Nissan Chemical Stock Performance

The firm has a market cap of $6.33 billion, a P/E ratio of 20.50 and a beta of -0.02. The company has a current ratio of 2.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average is $40.16 and its two-hundred day moving average is $37.64.

Nissan Chemical (OTCMKTS:NNCHY) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.59 EPS for the quarter. Nissan Chemical had a return on equity of 19.08% and a net margin of 17.07%.The firm had revenue of $424.19 million during 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.