Nitto Denko (OTCMKTS:NDEKY) Hits New 1-Year High - Should You Buy?

Key Points

• Nitto Denko shares reached a new 52-week high of $24.29, closing at $23.62 after trading 1,511 shares.
• The company reported earnings of $0.32 EPS for the last quarter, missing the analysts' expectations of $0.86, despite revenue surpassing estimates at $1.66 billion.
• Nitto Denko engages in the adhesive tapes business across multiple regions, including Japan, Europe, and the Americas, with a diverse product range.

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.29 and last traded at $23.62, with a volume of 1511 shares trading hands. The stock had previously closed at $23.39.

Nitto Denko Stock Performance

The firm's 50-day simple moving average is $22.02 and its 200-day simple moving average is $19.59.

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