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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $20.77, but opened at $21.64. Nitto Denko shares last traded at $21.51, with a volume of 2,388 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut 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 Up 3.8%

The stock has a market cap of $14.63 billion, a P/E ratio of 16.45 and a beta of 0.84. The company’s fifty day simple moving average is $21.15 and its 200-day simple moving average is $20.31.

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

Nitto Denko Company Profile

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.