Shares of Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $22.32, but opened at $23.16. Nitto Denko shares last traded at $22.30, with a volume of 623 shares trading hands.
Nitto Denko Stock Up 3.0%
The stock has a market cap of $15.53 billion, a PE ratio of 17.47 and a beta of 0.83. The business has a 50 day moving average price of $21.81 and a 200 day moving average price of $20.47.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, research analysts predict that Nitto Denko Corp. will post 1.30 earnings per share for the current fiscal year.
About Nitto Denko
Nitto Denko Corporation is a Japanese materials and technology company that develops products based on polymer, adhesive, coating, and membrane technologies. Founded in 1918, the company serves industrial, electronics, automotive, healthcare, and environmental markets through a broad portfolio of specialized materials and components.
Its products include industrial and double-sided adhesive tapes, protective and sealing materials, semiconductor and circuit-related materials, and optical films used in displays.
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