Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) shot up 0.2% on Wednesday . The stock traded as high as $19.18 and last traded at $18.38. 31,989 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 46,689 shares. The stock had previously closed at $18.35.
Nitto Denko Trading Down 1.1%
The company's 50-day simple moving average is $17.96 and its 200 day simple moving average is $17.90. The stock has a market cap of $12.93 billion, a P/E ratio of 15.55 and a beta of 0.84.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.40). Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.53 billion. Research analysts anticipate that Nitto Denko Co. will post 1.23 earnings per share for the current fiscal 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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