Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Time to Sell?

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped down prior to trading on Tuesday . The stock had previously closed at $18.85, but opened at $18.20. Nitto Denko shares last traded at $18.31, with a volume of 18,045 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Nitto Denko Stock Down 5.6%

The company’s 50 day moving average price is $19.64 and its two-hundred day moving average price is $21.80. The stock has a market cap of $12.07 billion, a P/E ratio of 13.58 and a beta of 0.85.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

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.