Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – What’s Next?

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up prior to trading on Wednesday . The stock had previously closed at $21.92, but opened at $22.70. Nitto Denko shares last traded at $21.00, with a volume of 32,004 shares trading hands.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Nitto Denko Trading Down 0.4%

The stock’s fifty day simple moving average is $21.34 and its 200 day simple moving average is $20.29. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 16.58 and a beta of 0.84.

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

About Nitto Denko

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.