Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Up – Still a Buy?

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHYGet Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $43.6550, but opened at $49.65. Nissan Chemical shares last traded at $49.65, with a volume of 245 shares changing hands.

Nissan Chemical Price Performance

The stock has a market cap of $6.69 billion, a PE ratio of 20.02 and a beta of 0.02. The business’s 50-day simple moving average is $45.63 and its 200-day simple moving average is $40.82. The company has a quick ratio of 1.62, a current ratio of 2.84 and a debt-to-equity ratio of 0.04.

Nissan Chemical Company Profile

(Get Free Report)

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.

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