Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 20,400 shares, a decline of 27.9% from the March 31st total of 28,300 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 132,400 shares, the short-interest ratio is presently 0.2 days.
Nitto Denko Stock Up 0.1 %
Shares of Nitto Denko stock opened at $17.43 on Wednesday. The stock's fifty day moving average is $18.48 and its 200-day moving average is $17.45. The firm has a market capitalization of $12.32 billion, a PE ratio of 15.32 and a beta of 0.86. Nitto Denko has a 12-month low of $12.80 and a 12-month high of $20.91.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its earnings results on Friday, April 25th. The technology company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.40). The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.53 billion. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. Analysts expect that Nitto Denko will post 1.23 EPS for the current year.
About Nitto Denko
(
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Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, 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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