Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report)'s share price rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $19.18 and last traded at $18.38. Approximately 31,989 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 46,689 shares. The stock had previously closed at $18.35.
Nitto Denko Price Performance
The company has a market cap of $13.08 billion, a price-to-earnings ratio of 15.55 and a beta of 0.84. The stock has a 50-day moving average price of $17.88 and a 200 day moving average price of $17.86.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last posted its earnings results on Friday, April 25th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.40). Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.53 billion. Sell-side analysts expect that Nitto Denko Co. will post 1.23 EPS for the current fiscal year.
Nitto Denko Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Nitto Denko, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nitto Denko wasn't on the list.
While Nitto Denko currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
