Nissan Chemical (OTCMKTS:NNCHY) Trading Down 12% – Here’s What Happened

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares dropped 12% during mid-day trading on Thursday . The company traded as low as $44.96 and last traded at $44.96. Approximately 613 shares changed hands during trading, an increase of 10% from the average session volume of 558 shares. The stock had previously closed at $51.10.

Nissan Chemical Stock Performance

The company has a quick ratio of 1.86, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $48.22 and a 200 day moving average of $42.74. The stock has a market capitalization of $6.06 billion, a P/E ratio of 18.13 and a beta of 0.01.

Nissan Chemical Company Profile

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.