Nitto Denko (OTCMKTS:NDEKY) Releases Earnings Results

Nitto Denko (OTCMKTS:NDEKY) issued its quarterly earnings results on Monday. The technology company reported $0.27 earnings per share (EPS) 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 Stock Up 5.2 %

Nitto Denko stock opened at $18.85 on Tuesday. The stock’s 50 day moving average is $16.54 and its 200 day moving average is $26.40. The company 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 twelve month low of $12.80 and a twelve month high of $19.43.

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.