Posted by admin on May 12th, 2022
Nitto Denko (OTCMKTS:NDEKY – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, Zacks.com reports. The firm currently has a $38.00 target price on the technology company’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.67% from the company’s previous close.
According to Zacks, “Nitto Denko Corporation is a provider of electrical insulating materials such as double-coated tapes, sealing materials, masking tapes, surface protection materials and non-skid tapes in diverse segments of industry. Its products are designed to assure safety in offices and buildings, precision machinery, machinery & equipment used in production process, and actual work sites. The Company’s technologies and products include reinforcing, vibration-damping and sealing materials. It supplies a whole variety of adhesive tapes in medical and athletic areas. Nitto Denko Group has an extensive lineup of electronics-related products such as optical films, flexible printed circuits, thin-film metal circuit boards and semiconductor encapsulating resins which are applied to various devices including wide-screen LCD TVs, personal computers, cell phones, handheld game consoles, portable audio players, hard disk drives and so on. Nitto Denko Corporation is headquartered in Osaka, Japan. “
Shares of NDEKY opened at $34.03 on Thursday. The company has a market capitalization of $10.19 billion, a PE ratio of 11.61 and a beta of 1.16. Nitto Denko has a one year low of $32.18 and a one year high of $44.24. The company’s fifty day moving average price is $34.54 and its 200 day moving average price is $36.65.
Nitto Denko Company Profile (Get Rating)
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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