Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) shares crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $21.06 and traded as low as $20.57. Nitto Denko shares last traded at $20.97, with a volume of 100,067 shares traded.
Nitto Denko Stock Performance
The company has a market capitalization of $14.23 billion, a P/E ratio of 15.65 and a beta of 0.83. The business has a 50 day moving average of $22.02 and a 200-day moving average of $21.06.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last released 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. Nitto Denko had a net margin of 13.15% and a return on equity of 12.22%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.87 billion. As a group, equities analysts forecast that Nitto Denko Corp. will post 1.30 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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