Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Here’s Why

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $23.20, but opened at $22.13. Nitto Denko shares last traded at $23.69, with a volume of 31,577 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Nitto Denko from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Nitto Denko has an average rating of “Strong Buy”.

Nitto Denko Stock Up 2.3%

The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 19.15 and a beta of 0.88. The business has a 50-day moving average of $24.26 and a two-hundred day moving average of $22.95.

Nitto Denko Company Profile

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.