JPMorgan Chase & Co. Lowers NITTO DENKO COR/ADR (NDEKY) to Underweight

JPMorgan Chase & Co. lowered shares of NITTO DENKO COR/ADR (OTCMKTS:NDEKY) from a neutral rating to an underweight rating in a research report released on Tuesday, The Fly reports.

NDEKY has been the subject of a number of other research reports. ValuEngine downgraded NITTO DENKO COR/ADR from a hold rating to a sell rating in a report on Thursday, November 1st. Zacks Investment Research raised NITTO DENKO COR/ADR from a strong sell rating to a hold rating in a research report on Wednesday, January 2nd.

Shares of OTCMKTS:NDEKY opened at $26.28 on Tuesday. NITTO DENKO COR/ADR has a fifty-two week low of $22.83 and a fifty-two week high of $47.36. The stock has a market capitalization of $8.06 billion, a P/E ratio of 10.81 and a beta of 1.26.


Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, 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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