Nitto Denko (OTCMKTS:NDEKY) Posts Earnings Results

Nitto Denko (OTCMKTS:NDEKY) posted its quarterly earnings data on Monday. The technology company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. Nitto Denko updated its FY 2024 guidance to 1.260-1.260 EPS.

Nitto Denko Stock Down 5.9 %

Shares of OTCMKTS NDEKY opened at $17.74 on Wednesday. The business has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $26.22. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 14.99 and a beta of 0.89. Nitto Denko has a 12 month low of $12.80 and a 12 month high of $19.43.

Nitto Denko Company Profile

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.