Nitto Denko (OTCMKTS:NDEKY – Get Free Report) posted its quarterly earnings results on Monday. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, Zacks reports. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.64 billion. Nitto Denko had a net margin of 12.56% and a return on equity of 12.09%.
Nitto Denko Price Performance
OTCMKTS:NDEKY traded up $0.76 during trading hours on Monday, hitting $24.09. The stock had a trading volume of 6,262 shares, compared to its average volume of 36,750. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 19.43 and a beta of 0.88. The company has a 50 day simple moving average of $23.93 and a two-hundred day simple moving average of $23.39. Nitto Denko has a one year low of $15.32 and a one year high of $26.48.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised shares of Nitto Denko from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.
About Nitto Denko
Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.
The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.
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