Nitto Denko (OTCMKTS:NDEKY) Hits New 1-Year High - What's Next?

Key Points

• Nitto Denko Corp. hit a new 52-week high of $23.80, up 2% from a previous close of $22.90, with a trading volume of 315,965 shares.
• The company reported quarterly earnings of $0.32 per share, missing analysts' estimates of $0.86, but exceeded revenue expectations with $1.66 billion in revenue.
• Nitto Denko has a market capitalization of $16.50 billion and a P/E ratio of 19.11.

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $23.80 and last traded at $23.80, with a volume of 315965 shares traded. The stock had previously closed at $22.90.

Nitto Denko Stock Up 0.8%

The business has a fifty day simple moving average of $19.70 and a two-hundred day simple moving average of $18.90.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its earnings results on Monday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.54). The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. As a group, equities research analysts forecast that Nitto Denko Corp. will post 1.23 earnings per share for the current fiscal year.

Nitto Denko Company Profile

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.