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

Nissan Chemical logo with Basic Materials background

Key Points

  • Nissan Chemical's shares experienced a significant gap up from $33.60 to $37.80 before the market opened on Thursday, with a trading volume of 221 shares.
  • The company reported quarterly earnings of $0.71 per share and generated $483.65 million in revenue in the most recent quarter.
  • Nissan Chemical boasts a strong financial position with a current ratio of 2.58 and a low debt-to-equity ratio of 0.05.
  • Interested in Nissan Chemical? Here are five stocks we like better.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $33.60, but opened at $37.80. Nissan Chemical shares last traded at $37.80, with a volume of 221 shares.

Nissan Chemical Price Performance

The business has a fifty day moving average price of $36.62 and a 200-day moving average price of $32.70. The company has a current ratio of 2.58, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.17 billion, a PE ratio of 16.95 and a beta of -0.02.

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 (EPS) for the quarter. Nissan Chemical had a return on equity of 18.88% and a net margin of 17.30%.The firm had revenue of $483.65 million during the quarter.

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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