Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up - Here's What Happened

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $17.76, but opened at $18.46. Nitto Denko shares last traded at $18.12, with a volume of 1,212 shares.

Nitto Denko Stock Up 4.4%

The company's fifty day moving average price is $18.06 and its two-hundred day moving average price is $18.02. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 15.27 and a beta of 0.83.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.53 billion. Research analysts forecast that Nitto Denko Corp. will post 1.23 earnings per share 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.