Nissan Chemical (OTCMKTS:NNCHY) Stock Rating Lowered by Zacks Investment Research

Nissan Chemical (OTCMKTS:NNCHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Nissan Chemical Corporation is a chemical manufacturing company. It offers melamine, sulfuric acid, nitric acid and ammonia; fine chemicals, including special epoxy, flame retardant and disinfectant. Nissan Chemical Corporation, formerly known as Nissan Chemical Industries Ltd., is based in Tokyo, Japan. “

Separately, Mizuho downgraded shares of Nissan Chemical from a “buy” rating to a “neutral” rating in a research note on Monday, September 14th.

NNCHY opened at $61.04 on Tuesday. Nissan Chemical has a fifty-two week low of $33.45 and a fifty-two week high of $62.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.18 and a quick ratio of 2.08. The firm’s fifty day moving average price is $60.41 and its two-hundred day moving average price is $53.14. The company has a market capitalization of $8.85 billion, a P/E ratio of 34.49 and a beta of 0.64.

Nissan Chemical (OTCMKTS:NNCHY) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.34 earnings per share for the quarter. Nissan Chemical had a net margin of 14.72% and a return on equity of 15.66%. The firm had revenue of $426.05 million for the quarter, compared to the consensus estimate of $404.63 million. On average, equities research analysts expect that Nissan Chemical will post 2.14 EPS for the current fiscal year.

About Nissan Chemical

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, pharmaceuticals, and advanced materials and planning businesses in Japan and internationally. Its chemical products include MELAMINE, an adhesive agent; high purity chemicals; AdBlue, an urea solution; FINEOXOCOL, a saturated fatty alcohol and acid; ammonia, sulfuric, and nitric acid; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; and OPTBEADS, a melamine-formaldehyde resin and silica.

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