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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $20.90, but opened at $20.03. Nitto Denko shares last traded at $20.8045, with a volume of 2,206 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Nitto Denko currently has an average rating of “Hold”.

Nitto Denko Trading Down 0.7%

The stock has a 50 day moving average price of $21.13 and a 200 day moving average price of $20.33. The company has a market cap of $14.09 billion, a PE ratio of 15.85 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Equities analysts expect that Nitto Denko Corp. will post 1.3 EPS for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation is a Japan-based materials manufacturer that develops and produces specialty products for industrial, electronics, automotive, medical and other markets. The company is known for its expertise in adhesives, polymer processing, coating and materials engineering.

Its product portfolio includes industrial and electronic adhesive tapes, protective and release films, optical films used in displays, sealing and insulation materials, semiconductor-related products, flexible printed circuit materials, and medical and healthcare products.