JPMorgan Chase & Co. lowered shares of NITTO DENKO COR/ADR (OTCMKTS:NDEKY) from a neutral rating to an underweight rating in a report released on Tuesday morning, The Fly reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded NITTO DENKO COR/ADR from a strong sell rating to a hold rating in a research report on Wednesday, January 2nd. ValuEngine cut NITTO DENKO COR/ADR from a hold rating to a sell rating in a research report on Thursday, November 1st.

Shares of OTCMKTS:NDEKY traded down $0.29 during trading on Tuesday, hitting $25.85. The stock had a trading volume of 57 shares, compared to its average volume of 41,844. NITTO DENKO COR/ADR has a 12-month low of $22.83 and a 12-month high of $47.36. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 10.64 and a beta of 1.26.


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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