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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $20.09, but opened at $21.4250. Nitto Denko shares last traded at $20.83, with a volume of 31,676 shares.

Wall Street Analyst Weigh In

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

Nitto Denko Price Performance

The firm has a market cap of $14.26 billion, a P/E ratio of 16.04 and a beta of 0.84. The stock’s 50-day simple moving average is $19.53 and its two-hundred day simple moving average is $20.72.

Nitto Denko (OTCMKTS:NDEKY) last announced its earnings results 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). Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS.

Nitto Denko Company Profile

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.