Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up - Here's Why

Key Points

• Nissan Chemical Corporation shares opened significantly higher, gapping up from $30.40 to $35.25 before market opening on Friday, with a trading volume of 801 shares.
• The company reported earnings of $0.51 per share and a revenue of $501.97 million for the latest quarter, highlighting a net margin of 17.10% and a return on equity of 17.98%.
• Nissan Chemical has a market capitalization of $4.82 billion and exhibits strong liquidity with a current ratio of 2.66 and a quick ratio of 1.64.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $30.40, but opened at $35.25. Nissan Chemical shares last traded at $35.25, with a volume of 801 shares changing hands.

Nissan Chemical Stock Performance

The firm has a market capitalization of $4.82 billion and a P/E ratio of 17.11. The firm has a 50-day moving average price of $30.80 and a two-hundred day moving average price of $30.39. 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 (OTCMKTS:NNCHY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.51 earnings per share for the quarter. Nissan Chemical had a return on equity of 17.98% and a net margin of 17.10%. The business had revenue of $501.97 million for the quarter.

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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