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

Key Points

• Nissan Chemical's shares experienced a significant decline, gapping down from a previous close of $40.37 to an opening price of $38.19, resulting in a 5.4% decrease.
• The company reported an earnings per share (EPS) of $0.71 for the last quarter, with revenues totaling $483.65 million and a net margin of 17.30%.
• Nissan Chemical has a market capitalization of $5.22 billion, with a low debt-to-equity ratio of 0.05, indicating strong financial stability.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $40.37, but opened at $38.19. Nissan Chemical shares last traded at $38.19, with a volume of 306 shares changing hands.

Nissan Chemical Stock Down 5.4%

The company's 50-day simple moving average is $36.43 and its two-hundred day simple moving average is $32.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 2.58. The firm has a market cap of $5.22 billion, a PE ratio of 17.13 and a beta of -0.02.

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

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.

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