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

Nissan Chemical logo with Basic Materials background

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $31.85, but opened at $26.81. Nissan Chemical shares last traded at $31.30, with a volume of 909 shares trading hands.

Nissan Chemical Price Performance

The firm has a market capitalization of $4.28 billion and a P/E ratio of 15.19. The company has a current ratio of 2.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $30.09 and a 200-day moving average price of $30.23.

Nissan Chemical (OTCMKTS:NNCHY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $501.97 million during the quarter. Nissan Chemical had a return on equity of 17.98% and a net margin of 17.10%.

About Nissan Chemical

(Get Free Report)

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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