Nitto Denko (OTCMKTS:NDEKY) Updates FY 2024 Earnings Guidance

Nitto Denko (OTCMKTS:NDEKY) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 1.240-1.240 for the period. The company issued revenue guidance of $6.6 billion-$6.6 billion.

Nitto Denko Stock Performance

OTCMKTS NDEKY traded up $0.11 during trading hours on Thursday, reaching $16.52. The company’s stock had a trading volume of 20,821 shares, compared to its average volume of 37,220. The company’s 50-day moving average is $30.88 and its two-hundred day moving average is $37.13. Nitto Denko has a fifty-two week low of $12.80 and a fifty-two week high of $19.43. The stock has a market cap of $11.68 billion, a PE ratio of 14.14 and a beta of 0.92.

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.