Nitto Denko (OTCMKTS:NDEKY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Nitto Denko Corp. experienced an **increase in trading volume**, with approximately 44,238 shares traded on Tuesday, a 6% rise from the prior session's volume.
• The company reported earnings of **$0.32 per share**, missing the consensus estimate of **$0.86**, though its revenue was slightly above expectations at **$1.66 billion**.
• Nitto Denko's stock last traded at **$23.52**, with its 50-day moving average at **$22.43** and the 200-day moving average at **$19.74**.

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 44,238 shares were traded during mid-day trading, an increase of 6% from the previous session's volume of 41,858 shares.The stock last traded at $23.52 and had previously closed at $23.55.

Nitto Denko Price Performance

The firm's 50-day moving average is $22.43 and its 200-day moving average is $19.74.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last announced its 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 company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. As a group, analysts predict that Nitto Denko Corp. will post 1.23 EPS 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.

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