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Zacks Investment Research issued a report on NITTO DENKO CORP ADR(CNV INTO 0.5 ORD NPV) (NASDAQ:NDEKY), hiking its price target to $37.00 earlier today

Zacks Investment Research bumped up the target price of NITTO DENKO CORP ADR(CNV INTO 0.5 ORD NPV) (NASDAQ:NDEKY) to $37.00 reporting a potential upside of 0.13%.

Just yesterday NITTO DENKO CORP ADR(CNV INTO 0.5 ORD NPV) (NASDAQ:NDEKY) traded -0.39% lower at $32.79. NITTO DENKO CORP ADR(CNV INTO 0.5 ORD NPV)’s 50-day moving average is $32.83 and its 200-day moving average is $31.54. The last closing price is up 3.96% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,939 shares of NDEKY traded hands, down from an average trading volume of 2,740

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NITTO DENKO CORP ADR(CNV INTO 0.5 ORD NPV) has 52 week low of $23.21 and a 52 week high of $37.33 with a PE ratio of 16.01 and has a market capitalization of $0.


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. The company also offers functional thermal transfer systems, such as labels, barcode label printers, and label printing software; tapes for electrical and electronic equipment; dust removal products for clean rooms; fluoroplastic sheets and tapes, and fluoroplastic porous films; and materials for housing and construction, as well as packaging machines. In addition, it provides medical products, including transdermal drug delivery patches, medical surgical products/supportive items, athletic tapes, medical surgical products/adhesive plasters sheets, adhesive tapes, and particles for nucleic acid synthesis. The company offers its products to automotive and transportation, housing/housing equipment, infrastructure, material, home appliance and electrical, display, electronic device, medical, packaging, and consumer/personal care industries. Nitto Denko Corporation was founded in 1918 and is headquartered in Osaka, Japan.

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