Nissan Chemical (OTCMKTS:NNCHY) Announces Earnings Results

Key Points

• Nissan Chemical reported earnings of $0.71 per share for the quarter, with a net margin of 17.10% and a return on equity of 17.98%.
• The company's stock traded down to $33.63 with a market capitalization of $4.60 billion and a price-to-earnings ratio of 16.33.
• Nissan Chemical engages in the production of various chemicals and performance materials, including agricultural chemicals and pharmaceuticals, serving both domestic and international markets.

Nissan Chemical (OTCMKTS:NNCHY - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.71 earnings per share for the quarter, Zacks reports. The firm had revenue of $483.65 million for the quarter. Nissan Chemical had a return on equity of 19.14% and a net margin of 17.30%.

Nissan Chemical Stock Performance

OTCMKTS NNCHY traded up $0.44 during trading on Wednesday, reaching $38.43. 283 shares of the company's stock were exchanged, compared to its average volume of 478. The business has a 50 day moving average price of $32.19 and a 200-day moving average price of $30.73. The stock has a market capitalization of $5.26 billion, a P/E ratio of 17.23 and a beta of -0.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.64. Nissan Chemical has a fifty-two week low of $24.00 and a fifty-two week high of $39.54.

About Nissan Chemical

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.