Shares of Nitto Denko Co. (OTCMKTS:NDEKY – Get 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 Company Profile
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.
- Get a free copy of the StockNews.com research report on Nitto Denko (NDEKY)
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