Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,000 shares, a decline of 50.0% from the March 15th total of 2,000 shares. Based on an average trading volume of 7,700 shares, the short-interest ratio is currently 0.1 days.
Nitto Denko Trading Up 1.5 %
NDEKY traded up $0.68 on Thursday, hitting $47.46. 21,774 shares of the company's stock were exchanged, compared to its average volume of 10,394. The firm has a 50-day moving average price of $45.86 and a 200-day moving average price of $38.90. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 20.16 and a beta of 1.03. Nitto Denko has a fifty-two week low of $30.07 and a fifty-two week high of $48.58.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its quarterly earnings data on Friday, January 26th. The technology company reported $0.89 EPS for the quarter. The company had revenue of $1.66 billion during the quarter. Nitto Denko had a net margin of 10.61% and a return on equity of 10.15%. On average, equities analysts predict that Nitto Denko will post 2.53 EPS for the current year.
Nitto Denko Company Profile
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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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