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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $43.2820, but opened at $45.33. Nissan Chemical shares last traded at $45.33, with a volume of 214 shares trading hands.

Nissan Chemical Trading Up 4.7%

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 firm has a 50-day moving average of $40.14 and a 200 day moving average of $37.35. The company has a market cap of $6.11 billion, a P/E ratio of 19.79 and a beta of -0.02.

Nissan Chemical (OTCMKTS:NNCHY) last announced its earnings results 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 company had revenue of $424.19 million for 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.