Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down - Here's What Happened

Key Points

• Nissan Chemical's shares experienced a significant gap down from a closing price of $38.61 to an opening of $34.04 on Monday.
• The company reported $0.71 earnings per share (EPS) in its latest quarterly earnings, with a revenue of $483.65 million and a net margin of 17.30%.
• Nissan Chemical has a market cap of $4.66 billion and a relatively low debt-to-equity ratio of 0.05, indicating a strong financial position.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $38.61, but opened at $34.04. Nissan Chemical shares last traded at $34.04, with a volume of 427 shares traded.

Nissan Chemical Stock Performance

The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 15.26 and a beta of -0.08. The stock has a 50 day moving average of $34.76 and a 200 day moving average of $31.55. The company has a quick ratio of 1.63, a current ratio of 2.58 and a debt-to-equity ratio of 0.05.

Nissan Chemical (OTCMKTS:NNCHY - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter. Nissan Chemical had a return on equity of 18.88% and a net margin of 17.30%.The company had revenue of $483.65 million during the quarter.

Nissan Chemical Company Profile

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.

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