Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Should You Buy?

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped up before the market opened on Tuesday . The stock had previously closed at $38.7575, but opened at $42.39. Nissan Chemical shares last traded at $42.39, with a volume of 377 shares.

Wall Street Analyst Weigh In

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

Nissan Chemical Trading Up 9.4%

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 stock has a 50-day simple moving average of $41.12 and a two-hundred day simple moving average of $36.96. The firm has a market capitalization of $5.71 billion, a P/E ratio of 18.51 and a beta of -0.13.

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

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.