Nitto Denko (OTCMKTS:NDEKY) Issues Earnings Results

Nitto Denko (OTCMKTS:NDEKY) announced 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 return on equity of 12.60% and a net margin of 12.91%. Nitto Denko updated its FY 2024 guidance to 1.260-1.260 EPS.

Nitto Denko Stock Up 1.1 %

Shares of NDEKY opened at $17.91 on Monday. The business’s fifty day moving average is $16.48 and its 200 day moving average is $26.56. Nitto Denko has a 12-month low of $12.80 and a 12-month high of $19.43. The stock has a market cap of $12.66 billion, a P/E ratio of 15.33 and a beta of 0.89.

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.