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

Key Points

• Nissan Chemical Corporation's shares experienced a significant increase, opening at $37.71 after closing at $32.69, indicating strong market interest.
• The company reported earnings of $0.71 per share for the last quarter with a revenue of $483.65 million and a net margin of 17.30%.
• Nissan Chemical has a market capitalization of $5.16 billion and maintains a low debt-to-equity ratio of 0.05, showcasing its financial stability.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $32.69, but opened at $37.71. Nissan Chemical shares last traded at $37.71, with a volume of 226 shares.

Nissan Chemical Stock Performance

The firm has a 50 day moving average of $36.46 and a 200-day moving average of $32.84. The stock has a market capitalization of $5.16 billion, a PE ratio of 16.90 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 issued its earnings results on Friday, August 8th. The company reported $0.71 earnings per share for the quarter. Nissan Chemical had a return on equity of 18.88% and a net margin of 17.30%.The company had revenue of $483.65 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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