Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $20.84, but opened at $23.11. Nitto Denko shares last traded at $22.4850, with a volume of 289 shares changing hands.
Nitto Denko Price Performance
The company has a 50-day moving average of $22.02 and a two-hundred day moving average of $21.02. The stock has a market capitalization of $13.94 billion, a PE ratio of 15.69 and a beta of 0.82.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.87 billion. Nitto Denko had a net margin of 13.15% and a return on equity of 12.22%. On average, research analysts forecast that Nitto Denko Corp. will post 1.36 EPS for the current fiscal year.
About Nitto Denko
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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