Nitto Denko (OTCMKTS:NDEKY) Upgraded at The Goldman Sachs Group

Nitto Denko (OTCMKTS:NDEKY) was upgraded by equities research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Nitto Denko Price Performance

NDEKY opened at $24.75 on Thursday. The company’s 50 day moving average price is $22.71 and its two-hundred day moving average price is $19.85. Nitto Denko has a fifty-two week low of $14.50 and a fifty-two week high of $25.74.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, July 28th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.54). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Equities research analysts predict that Nitto Denko will post 1.23 EPS for the current year.

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.