Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – What’s Next?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped up before the market opened on Wednesday . The stock had previously closed at $33.56, but opened at $35.30. Nissan Chemical shares last traded at $35.30, with a volume of 192 shares.

Analysts Set New Price Targets

Separately, Citigroup downgraded 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, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nissan Chemical Trading Up 3.5%

The company has a fifty day moving average of $33.91 and a 200-day moving average of $34.77. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 15.76 and a beta of -0.20. The company has a current ratio of 3.05, a quick ratio of 1.82 and a debt-to-equity ratio of 0.04.

Nissan Chemical (OTCMKTS:NNCHY) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter. Nissan Chemical had a return on equity of 19.00% and a net margin of 17.25%.The firm had revenue of $408.41 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.