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Nitto Denko (OTCMKTS:NDEKY) Reaches New 12-Month High - Should You Buy?

Nitto Denko logo with Computer and Technology background

Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.91 and last traded at $19.33, with a volume of 22517 shares trading hands. The stock had previously closed at $18.71.

Nitto Denko Stock Performance

The company has a market capitalization of $13.37 billion, a P/E ratio of 16.13 and a beta of 0.89. The business's fifty day simple moving average is $17.34 and its 200-day simple moving average is $23.85.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.27 earnings per share for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. As a group, analysts forecast that Nitto Denko Co. will post 1.23 EPS for the current year.

Nitto Denko Company Profile

(Get Free Report)

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.

Further Reading

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