Nitto Denko (OTCMKTS:NDEKY) Releases Earnings Results

Nitto Denko (OTCMKTS:NDEKY) posted its quarterly earnings results on Monday. The technology company reported $0.27 earnings per share for the quarter, Zacks reports. Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. Nitto Denko updated its FY 2024 guidance to 1.260-1.260 EPS.

Nitto Denko Stock Performance

NDEKY opened at $18.85 on Tuesday. The company’s 50-day simple moving average is $16.54 and its two-hundred day simple moving average is $26.40. The stock has a market capitalization of $13.32 billion, a P/E ratio of 14.99 and a beta of 0.89. Nitto Denko has a 52-week low of $12.80 and a 52-week high of $19.43.

Nitto Denko Company Profile

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.