Nissan Chemical (OTCMKTS:NNCHY) Shares Up 15.4% – Still a Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) rose 15.4% during trading on Thursday . The company traded as high as $44.27 and last traded at $44.27. Approximately 116 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 568 shares. The stock had previously closed at $38.3605.

Analyst Ratings Changes

Separately, Citigroup lowered shares of 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, the company presently has a consensus rating of “Hold”.

Nissan Chemical Price Performance

The stock has a 50 day moving average of $40.83 and a two-hundred day moving average of $37.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.72. The stock has a market cap of $5.61 billion, a PE ratio of 18.17 and a beta of -0.13.

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

Nissan Chemical Company Profile

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.