According to Zacks, “Nitto Denko Corporation is a provider of electrical insulating materials such as double-coated tapes, sealing materials, masking tapes, surface protection materials and non-skid tapes in diverse segments of industry. Its products are designed to assure safety in offices and buildings, precision machinery, machinery & equipment used in production process, and actual work sites. The Company’s technologies and products include reinforcing, vibration-damping and sealing materials. It supplies a whole variety of adhesive tapes in medical and athletic areas. Nitto Denko Group has an extensive lineup of electronics-related products such as optical films, flexible printed circuits, thin-film metal circuit boards and semiconductor encapsulating resins which are applied to various devices including wide-screen LCD TVs, personal computers, cell phones, handheld game consoles, portable audio players, hard disk drives and so on. Nitto Denko Corporation is headquartered in Osaka, Japan. “
Separately, Goldman Sachs Group downgraded NITTO DENKO COR/ADR from a neutral rating to a sell rating in a research note on Friday, April 19th.
NDEKY opened at $23.83 on Wednesday. The firm has a fifty day moving average price of $23.50. The company has a market cap of $7.59 billion, a P/E ratio of 12.48 and a beta of 1.47. NITTO DENKO COR/ADR has a 1 year low of $21.38 and a 1 year high of $39.37.
NITTO DENKO COR/ADR (OTCMKTS:NDEKY) last released its quarterly earnings results on Friday, April 26th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $1.60 billion during the quarter. NITTO DENKO COR/ADR had a return on equity of 9.68% and a net margin of 8.24%. As a group, sell-side analysts forecast that NITTO DENKO COR/ADR will post 1.51 EPS for the current fiscal year.
About NITTO DENKO COR/ADR
Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.
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