Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 86,296 shares, a decline of 49.3% from the September 30th total of 170,224 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 223,050 shares, the short-interest ratio is presently 0.4 days.
Nitto Denko Stock Performance
OTCMKTS NDEKY traded down $0.31 on Friday, reaching $21.33. The stock had a trading volume of 61,445 shares, compared to its average volume of 74,509. The stock has a market cap of $14.48 billion, a P/E ratio of 15.92 and a beta of 0.83. Nitto Denko has a 12-month low of $17.75 and a 12-month high of $26.02. The business’s 50-day moving average price is $22.03 and its 200 day moving average price is $21.08.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last announced its earnings results on Tuesday, October 27th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Nitto Denko had a net margin of 13.15% and a return on equity of 12.22%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.87 billion. On average, sell-side analysts predict that Nitto Denko will post 1.30 earnings per share for the current year.
Nitto Denko Company Profile
Nitto Denko Corporation is a Japanese materials and manufacturing company that develops and supplies high-performance products for industrial, electronic, automotive, life science and other applications. Founded in 1918, the company has expanded from its original focus on electrical insulation materials into a diversified global technology business.
Its product portfolio includes industrial and specialty adhesive tapes, protective films, sealing and insulation materials, optical films used in displays, flexible printed circuit materials, and materials for semiconductor manufacturing.
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