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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped down prior to trading on Friday. The stock had previously closed at $22.24, but opened at $21.39. Nitto Denko shares last traded at $22.56, with a volume of 504,805 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nitto Denko Price Performance

The business’s 50-day moving average is $21.64 and its 200 day moving average is $20.37. The firm has a market capitalization of $15.20 billion, a P/E ratio of 17.10 and a beta of 0.83.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate 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. Analysts anticipate that Nitto Denko Corp. will post 1.3 EPS for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation is a Japanese materials and technology company that develops products based on polymer, adhesive, coating, and membrane technologies. Founded in 1918, the company serves industrial, electronics, automotive, healthcare, and environmental markets through a broad portfolio of specialized materials and components.

Its products include industrial and double-sided adhesive tapes, protective and sealing materials, semiconductor and circuit-related materials, and optical films used in displays.