NISSAN CHEM IND/ADR (NNCHY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of NISSAN CHEM IND/ADR (OTCMKTS:NNCHY) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Nissan Chemical Industries, Ltd. engaged in the manufacture and sale of industrial chemicals. Its operating segments include Chemicals, Functional Materials, Agrochemicals, Pharmaceuticals, Wholesale Business and Others. The Chemicals segment deals with fine and basic chemicals which consists of melamine, sulfuric and nitric acid, ammonia and epoxy compound. The Functional Materials segment produces display, semiconductor and inorganic materials. The Agrochemicals segment markets herbicides, insecticides and fungicide. The Pharmaceuticals segment offers anti-cholesterol agent and custom chemicals. The Wholesale Business segment handles chemical trading. The Others segment includes fertilizers, transportation, landscaping and engineering. Nissan Chemical Industries, Ltd is headquartered in Tokyo, Japan. “

Shares of OTCMKTS NNCHY opened at $52.76 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. NISSAN CHEM IND/ADR has a one year low of $36.81 and a one year high of $52.76. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.20 and a beta of 0.85.

About NISSAN CHEM IND/ADR

Nissan Chemical Corporation engages in 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, a urea solution; FINEOXOCOL, a saturated fatty alcohol and acid; ammonia, sulfuric, and nitric acid; TEPIC, an epoxy compound; Melamine Cyanurate, a flame retardant; Nissan Reishi, a health food; PHOSMEL, a non-halogen flame retardants, phenylphosphonic acid, a surface modifier; and HI-LITE, a chlorinated isocyanulate.

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