Nissan Chemical (OTCMKTS:NNCHY) Stock Falls 23.2% – Here’s Why

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY)’s stock price dropped 23.2% on Friday. The stock traded as low as $43.89 and last traded at $43.89. 131 shares changed hands during trading, a decline of 73% from the average session volume of 488 shares. The stock had previously closed at $57.12.

Nissan Chemical Stock Performance

The firm has a 50 day moving average of $54.47 and a 200-day moving average of $46.92. The stock has a market capitalization of $5.92 billion and a PE ratio of 17.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.92 and a current ratio of 2.96.

Nissan Chemical (OTCMKTS:NNCHY) last released its earnings results on Monday, November 9th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $419.70 million for the quarter. Nissan Chemical had a return on equity of 20.77% and a net margin of 17.93%.

Nissan Chemical Company Profile

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.