Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Still a Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up prior to trading on Monday . The stock had previously closed at $20.15, but opened at $20.96. Nitto Denko shares last traded at $20.3120, with a volume of 8,625 shares changing hands.

Nitto Denko Stock Performance

The stock’s fifty day simple moving average is $21.38 and its 200-day simple moving average is $23.23. The stock has a market cap of $13.86 billion, a P/E ratio of 15.47 and a beta of 0.94.

Nitto Denko (OTCMKTS:NDEKY) last issued 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. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. As a group, equities research analysts forecast that Nitto Denko Corp. will post 1.23 earnings per share 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.