NITTO DENKO COR/ADR (OTCMKTS:NDEKY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $21.87 and last traded at $21.91, with a volume of 57691 shares. The stock had previously closed at $22.48.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded NITTO DENKO COR/ADR from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research report on Wednesday, May 15th. Goldman Sachs Group cut NITTO DENKO COR/ADR from a “neutral” rating to a “sell” rating in a research report on Friday, April 19th.
The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 11.32 and a beta of 1.32.
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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