Nitto Denko (OTCMKTS:NDEKY) Releases Quarterly Earnings Results

Nitto Denko (OTCMKTS:NDEKY) released its quarterly earnings results on Monday. The technology company reported $0.35 EPS for the quarter, Zacks reports. Nitto Denko had a net margin of 12.56% and a return on equity of 12.09%.

Nitto Denko Stock Performance

Shares of NDEKY stock traded up $1.00 during midday trading on Monday, reaching $24.33. 6,054 shares of the company were exchanged, compared to its average volume of 36,705. The company’s 50 day moving average price is $23.93 and its two-hundred day moving average price is $23.39. The company has a market cap of $16.51 billion, a P/E ratio of 19.62 and a beta of 0.88. Nitto Denko has a 12 month low of $15.32 and a 12 month high of $26.48.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Nitto Denko from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Nitto Denko has an average rating of “Strong Buy”.

About Nitto Denko

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.