Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Time to Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up before the market opened on Thursday . The stock had previously closed at $19.64, but opened at $20.73. Nitto Denko shares last traded at $20.73, with a volume of 700 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut 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, According to data from MarketBeat, Nitto Denko has an average rating of “Hold”.

Nitto Denko Trading Up 2.6%

The stock has a market capitalization of $13.62 billion, a PE ratio of 15.32 and a beta of 0.85. The firm’s 50-day simple moving average is $19.38 and its two-hundred day simple moving average is $21.21.

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

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.