Nitto Denko (OTCMKTS:NDEKY) Trading Up 0.8%

Shares of Nitto Denko Co. (OTCMKTS:NDEKYGet Rating) shot up 0.8% during trading on Thursday . The company traded as high as $31.86 and last traded at $30.96. 2,716 shares changed hands during trading, a decline of 90% from the average session volume of 28,225 shares. The stock had previously closed at $30.71.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of Nitto Denko from an “underweight” rating to a “neutral” rating in a research note on Friday, September 30th.

Nitto Denko Trading Up 0.8 %

The company has a market cap of $9.27 billion, a P/E ratio of 10.60 and a beta of 1.04. The stock’s 50 day moving average is $28.10 and its 200-day moving average is $31.37.

Nitto Denko (OTCMKTS:NDEKYGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The technology company reported $0.90 earnings per share (EPS) for the quarter. Nitto Denko had a net margin of 11.78% and a return on equity of 12.47%. The company had revenue of $1.95 billion for the quarter. As a group, sell-side analysts forecast that Nitto Denko Co. will post 2.96 EPS for the current year.

Nitto Denko Company Profile

(Get Rating)

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, 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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