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Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down - Here's Why

Nitto Denko logo with Computer and Technology background

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $18.90, but opened at $16.43. Nitto Denko shares last traded at $19.12, with a volume of 1,727 shares changing hands.

Nitto Denko Price Performance

The company has a market capitalization of $13.40 billion, a PE ratio of 16.23 and a beta of 0.84. The firm's fifty day simple moving average is $18.25 and its 200 day simple moving average is $18.13.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The technology company reported $0.27 EPS 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 the consensus estimate of $1.53 billion. On average, equities research analysts anticipate that Nitto Denko Corp. will post 1.23 EPS for the current fiscal year.

Nitto Denko Company Profile

(Get Free Report)

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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