Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up - Time to Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $19.00, but opened at $19.77. Nitto Denko shares last traded at $18.90, with a volume of 1,938 shares changing hands.

Nitto Denko Trading Up 1.6%

The stock has a 50-day simple moving average of $18.47 and a two-hundred day simple moving average of $18.30. The firm has a market capitalization of $13.71 billion, a P/E ratio of 16.61 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its earnings results on Friday, April 25th. The technology company reported $0.27 earnings per share 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 analyst estimates of $1.53 billion. As a group, research analysts expect that Nitto Denko Corp. will post 1.23 EPS 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.