Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up - Should You Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.92, but opened at $18.82. Nitto Denko shares last traded at $18.02, with a volume of 3,100 shares.

Nitto Denko Stock Performance

The company's 50 day moving average price is $18.01 and its 200 day moving average price is $17.95. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 15.45 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last announced 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 firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, equities research analysts forecast 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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