Nitto Denko (OTCMKTS:NDEKY – Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05, Zacks reports. Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.
Nitto Denko Stock Up 1.5%
Shares of Nitto Denko stock opened at $23.00 on Tuesday. Nitto Denko has a 52 week low of $17.75 and a 52 week high of $26.43. The business has a 50 day moving average price of $22.00 and a 200-day moving average price of $21.11. The company has a market cap of $15.61 billion, a PE ratio of 17.55 and a beta of 0.83.
About Nitto Denko
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.
Read More
- Five stocks we like better than Nitto Denko
- GXO Logistics Is Turning Warehouse Robots Into a Growth Strategy
- A Solid Margin Story Means the Sell-Off in DECK May Be Overdone
- Verizon’s Q3 Results Show Why SpaceX’s Spectrum Grab Isn’t a Major Threat
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
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.
