Nitto Denko (OTCMKTS:NDEKY) Releases Earnings Results, Beats Expectations By $0.05 EPS

by · The Cerbat Gem

Nitto Denko (OTCMKTS:NDEKY – Get Free Report) announced its quarterly earnings data on Tuesday. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05, Zacks reports. Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%.

Nitto Denko Price Performance

Shares of OTCMKTS:NDEKY traded down $0.01 during trading on Tuesday, reaching $23.00. 35,873 shares of the stock were exchanged, compared to its average volume of 112,445. The stock has a fifty day moving average of $22.00 and a two-hundred day moving average of $21.11. Nitto Denko has a 1-year low of $17.75 and a 1-year high of $26.43. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 17.55 and a beta of 0.83.

About Nitto Denko

(Get Free Report)

Nitto Denko Corporation is a Japanese materials and manufacturing company that develops and supplies high-performance products for industrial, electronic, automotive, life science and other applications. Founded in 1918, the company has expanded from its original focus on electrical insulation materials into a diversified global technology business.

Its product portfolio includes industrial and specialty adhesive tapes, protective films, sealing and insulation materials, optical films used in displays, flexible printed circuit materials, and materials for semiconductor manufacturing.

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