NITTO DENKO COR/ADR (OTCMKTS:NDEKY) to Post FY2021 Earnings of $1.55 Per Share, Jefferies Financial Group Forecasts

NITTO DENKO COR/ADR (OTCMKTS:NDEKY) – Stock analysts at Jefferies Financial Group raised their FY2021 EPS estimates for NITTO DENKO COR/ADR in a research report issued on Wednesday, November 6th. Jefferies Financial Group analyst Y. Azuma now forecasts that the technology company will post earnings per share of $1.55 for the year, up from their previous estimate of $1.31. Jefferies Financial Group currently has a “Hold” rating on the stock.

Separately, Zacks Investment Research downgraded NITTO DENKO COR/ADR from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd.

NDEKY stock traded down $0.37 during trading on Monday, hitting $28.59. The company had a trading volume of 1,706 shares, compared to its average volume of 15,890. NITTO DENKO COR/ADR has a one year low of $21.38 and a one year high of $29.01. The business has a 50-day moving average of $25.61 and a 200-day moving average of $24.34. The stock has a market cap of $8.78 billion, a PE ratio of 14.97 and a beta of 1.50.

About NITTO DENKO COR/ADR

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, 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.

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Earnings History and Estimates for NITTO DENKO COR/ADR (OTCMKTS:NDEKY)

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