NISSAN CHEM IND/ADR (NNCHY) Cut to Sell at Zacks Investment Research

NISSAN CHEM IND/ADR (OTCMKTS:NNCHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

Separately, Jefferies Financial Group downgraded NISSAN CHEM IND/ADR from a “hold” rating to an “underperform” rating in a research report on Tuesday, March 5th.

NNCHY stock opened at $41.85 on Friday. The firm has a market capitalization of $6.24 billion, a PE ratio of 25.67, a PEG ratio of 2.03 and a beta of 0.32. NISSAN CHEM IND/ADR has a 1 year low of $41.85 and a 1 year high of $54.81. The company has a current ratio of 3.10, a quick ratio of 1.90 and a debt-to-equity ratio of 0.01.

NISSAN CHEM IND/ADR Company Profile

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; phenylphosphonic acid, a surface modifier; HI-LITE, a chlorinated isocyanulate; and OPTBEADS, a melamine-formaldehyde resin and silica.

Recommended Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

Get a free copy of the Zacks research report on NISSAN CHEM IND/ADR (NNCHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NISSAN CHEM IND/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NISSAN CHEM IND/ADR and related companies with MarketBeat.com's FREE daily email newsletter.