Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Should You Sell?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) shares gapped down prior to trading on Friday . The stock had previously closed at $46.95, but opened at $43.4950. Nissan Chemical shares last traded at $43.4950, with a volume of 906 shares changing hands.

Nissan Chemical Price Performance

The company has a current ratio of 2.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $41.28 and a 200 day moving average price of $38.18. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 18.99 and a beta of -0.02.

About Nissan Chemical

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.