Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.78 and traded as low as $17.00. Nitto Denko shares last traded at $17.67, with a volume of 27,276 shares changing hands.
Nitto Denko Stock Performance
The company has a 50-day simple moving average of $18.65 and a 200-day simple moving average of $17.42. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 14.90 and a beta of 0.86.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. As a group, equities research analysts forecast that Nitto Denko Co. 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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