The Goldman Sachs Group upgraded shares of Nitto Denko (OTCMKTS:NDEKY – Free Report) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.
Nitto Denko Price Performance
Shares of OTCMKTS:NDEKY opened at $24.75 on Thursday. Nitto Denko has a 52 week low of $14.50 and a 52 week high of $25.74. The company’s 50 day moving average is $22.71 and its two-hundred day moving average is $19.85.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last released its earnings results on Monday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.54). The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. As a group, research analysts forecast that Nitto Denko will post 1.23 earnings per share for the current year.
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.
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