Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) was down 1.9% during trading on Tuesday . The company traded as low as $19.14 and last traded at $19.28. Approximately 25,050 shares changed hands during trading, an increase of 30% from the average daily volume of 19,236 shares. The stock had previously closed at $19.65.
Nitto Denko Stock Performance
The firm has a market capitalization of $14.93 billion, a P/E ratio of 17.85 and a beta of 0.84. The stock has a 50-day moving average of $18.54 and a 200 day moving average of $18.36.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The technology company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.40). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.53 billion. On average, equities analysts predict that Nitto Denko Corp. 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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