Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up - Should You Buy?

Key Points

• Nissan Chemical's shares opened at $39.50, a significant jump from the previous close of $34.04, reflecting a 16.0% increase.
• The company's recent earnings report revealed an EPS of $0.71 and a revenue of $483.65 million for the quarter.
• Nissan Chemical has a market cap of $5.40 billion and shows strong financial health with a current ratio of 2.58 and a debt-to-equity ratio of 0.05.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $34.04, but opened at $39.50. Nissan Chemical shares last traded at $39.50, with a volume of 177 shares traded.

Nissan Chemical Stock Performance

The company's 50-day moving average is $35.36 and its 200-day moving average is $31.98. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 16.91 and a beta of -0.08. 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 quarterly earnings results on Friday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $483.65 million for the quarter. Nissan Chemical had a net margin of 17.30% and a return on equity of 18.88%.

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.