Nitto Denko (OTCMKTS:NDEKY) Trading Up 0.5% – Here’s Why

Nitto Denko Co. (OTCMKTS:NDEKYGet Free Report)’s share price was up 0.5% during trading on Monday . The company traded as high as $16.32 and last traded at $15.82. Approximately 40,186 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 36,706 shares. The stock had previously closed at $15.74.

Nitto Denko Trading Up 0.5 %

The business’s 50-day simple moving average is $25.18 and its two-hundred day simple moving average is $34.71. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 13.54 and a beta of 0.93.

Nitto Denko Company Profile

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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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