Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down - Time to Sell?

Key Points

• Nissan Chemical shares experienced a significant decline, gapping down from a closing price of $35.49 to an opening price of $33.60 on Wednesday.
• The company reported $0.71 earnings per share and revenue of $483.65 million in its most recent quarterly earnings, along with a net margin of 17.30%.
• Nissan Chemical has a market capitalization of $4.60 billion and a low debt-to-equity ratio of 0.05, indicating a strong financial position.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $35.49, but opened at $33.60. Nissan Chemical shares last traded at $33.60, with a volume of 152 shares changing hands.

Nissan Chemical Price Performance

The stock has a fifty day moving average price of $36.60 and a 200-day moving average price of $32.65. The firm has a market capitalization of $4.60 billion, a PE ratio of 15.07 and a beta of -0.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 2.58.

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

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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