NITTO DENKO COR/ADR (NDEKY) Reaches New 1-Year Low at $22.62

NITTO DENKO COR/ADR (OTCMKTS:NDEKY) hit a new 52-week low on Friday . The stock traded as low as $22.62 and last traded at $22.62, with a volume of 2327 shares. The stock had previously closed at $23.10.

A number of research analysts have recently commented on NDEKY shares. Zacks Investment Research upgraded NITTO DENKO COR/ADR from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 27th. Goldman Sachs Group downgraded NITTO DENKO COR/ADR from a “neutral” rating to a “sell” rating in a report on Friday, April 19th.

The firm has a market cap of $7.09 billion, a P/E ratio of 11.82 and a beta of 1.32.

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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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