Nissan Chemical (OTCMKTS:NNCHY) Trading Down 15.4% - What's Next?

Key Points

• Nissan Chemical Corporation shares dropped by 15.4% to $31.91, with trading volume down 68% compared to its average daily volume.
• The company reported $0.71 earnings per share for the last quarter, with a net margin of 17.30% and a market cap of $4.37 billion.
• Nissan Chemical's financial ratios include a quick ratio of 1.63 and a debt-to-equity ratio of 0.05, indicating a strong liquidity position.

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) were down 15.4% on Thursday . The stock traded as low as $31.91 and last traded at $31.91. Approximately 303 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 935 shares. The stock had previously closed at $37.70.

Nissan Chemical Stock Down 15.4%

The company has a quick ratio of 1.63, a current ratio of 2.58 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $35.87 and a two-hundred day simple moving average of $32.17. The stock has a market cap of $4.37 billion, a P/E ratio of 14.31 and a beta of -0.08.

Nissan Chemical (OTCMKTS:NNCHY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $483.65 million during the quarter.

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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