Nitto Denko (OTCMKTS:NDEKY) Issues Earnings Results

Nitto Denko (OTCMKTS:NDEKY) released its quarterly earnings data on Monday. The technology company reported $0.27 earnings per share 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 Trading Down 5.9 %

NDEKY opened at $17.74 on Wednesday. Nitto Denko has a 1 year low of $12.80 and a 1 year high of $19.43. The stock has a fifty day moving average price of $16.58 and a 200 day moving average price of $26.22. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 14.99 and a beta of 0.89.

About Nitto Denko

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.