Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 86,296 shares, a decline of 49.3% from the September 30th total of 170,224 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 223,050 shares, the days-to-cover ratio is currently 0.4 days.
Nitto Denko Stock Performance
Nitto Denko stock traded down $0.23 during midday trading on Monday, hitting $21.09. 27,489 shares of the company’s stock were exchanged, compared to its average volume of 103,409. The company has a market cap of $14.32 billion, a PE ratio of 15.74 and a beta of 0.83. The firm has a 50-day moving average of $22.03 and a two-hundred day moving average of $21.08. Nitto Denko has a 12 month low of $17.75 and a 12 month high of $26.02.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. Nitto Denko had a net margin of 13.15% and a return on equity of 12.22%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.87 billion. As a group, equities analysts expect that Nitto Denko will post 1.30 earnings per share for the current year.
Nitto Denko Company Profile
Nitto Denko Corporation is a Japanese materials and manufacturing company that develops and supplies high-performance products for industrial, electronic, automotive, life science and other applications. Founded in 1918, the company has expanded from its original focus on electrical insulation materials into a diversified global technology business.
Its product portfolio includes industrial and specialty adhesive tapes, protective films, sealing and insulation materials, optical films used in displays, flexible printed circuit materials, and materials for semiconductor manufacturing.
Featured Stories
- Five stocks we like better than Nitto Denko
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
- 3 Waste Services Stocks With More Growth Than You Might Expect
- Alphabet’s $400 Billion Sell-Off Could Be the Best AI Buying Window Left in 2026
Receive News & Ratings for Nitto Denko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nitto Denko and related companies with MarketBeat.com's FREE daily email newsletter.
