Nitto Denko - NDEKY Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nitto Denko in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NDEKY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NDEKY, but not buy additional shares or sell existing shares.
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Nitto Denko's stock was trading at $28.73 on January 1st, 2023. Since then, NDEKY shares have increased by 12.1% and is now trading at $32.20.
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Nitto Denko saw a increase in short interest in March. As of March 15th, there was short interest totaling 6,800 shares, an increase of 183.3% from the February 28th total of 2,400 shares. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is currently 0.7 days.
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Nitto Denko Co. (OTCMKTS:NDEKY) announced its quarterly earnings data on Thursday, January, 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter. The technology company earned $1.80 billion during the quarter. Nitto Denko had a trailing twelve-month return on equity of 12.89% and a net margin of 12.04%.

Nitto Denko (OTCMKTS:NDEKY) pays an annual dividend of $0.62 per share and currently has a dividend yield of 1.94%. The dividend payout ratio is 21.23%. This payout ratio is at a healthy, sustainable level, below 75%.

Nitto Denko updated its FY 2023 earnings guidance on Thursday, January, 26th. The company provided EPS guidance of $4.78-$4.78 for the period. The company issued revenue guidance of $6.66 billion-$6.66 billion.

Nitto Denko trades on the OTCMKTS under the ticker symbol "NDEKY."

Shares of NDEKY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NDEKY stock can currently be purchased for approximately $32.20.

Nitto Denko (OTCMKTS:NDEKY) has a market capitalization of $9.61 billion and generates $7.60 billion in revenue each year. The technology company earns $864.47 million in net income (profit) each year or $2.92 on an earnings per share basis.

The company employs 28,289 workers across the globe.

Nitto Denko's mailing address is 33rd Floor 4-20 Ofuka-cho Kita-ku, Osaka M0, 530-0011. The official website for the company is www.nitto.com. The technology company can be reached via phone at (167) 632-2101 or via fax at 816-7632-2102.