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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $19.48, but opened at $20.14. Nitto Denko shares last traded at $19.2050, with a volume of 17,452 shares.

Nitto Denko Price Performance

The firm has a market capitalization of $12.98 billion, a P/E ratio of 14.48 and a beta of 0.94. The stock’s 50 day moving average is $21.56 and its two-hundred day moving average is $23.33.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. As a group, equities research analysts expect that Nitto Denko Corp. will post 1.23 EPS for the current year.

About Nitto Denko

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.