Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Here’s Why

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHYGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $48.86, but opened at $41.9260. Nissan Chemical shares last traded at $41.9260, with a volume of 813 shares trading hands.

Nissan Chemical Stock Performance

The stock’s 50-day moving average price is $43.85 and its 200-day moving average price is $39.55. The company has a market cap of $5.65 billion, a P/E ratio of 16.91 and a beta of -0.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.62.

Nissan Chemical Company Profile

(Get Free Report)

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.

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