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

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up before the market opened on Tuesday. The stock had previously closed at $22.82, but opened at $23.83. Nitto Denko shares last traded at $22.4650, with a volume of 89 shares changing hands.

Nitto Denko Trading Up 0.7%

The stock’s fifty day moving average price is $21.95 and its 200 day moving average price is $20.65. The stock has a market cap of $15.74 billion, a P/E ratio of 17.58 and a beta of 0.83.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during 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, sell-side analysts forecast that Nitto Denko Corp. will post 1.30 earnings per share for the current year.

About Nitto Denko

Nitto Denko Corporation is a Japanese materials and manufacturing company that develops and supplies high-performance products for industrial, electronic, automotive, life science and other applications. Founded in 1918, the company has expanded from its original focus on electrical insulation materials into a diversified global technology business.

Its product portfolio includes industrial and specialty adhesive tapes, protective films, sealing and insulation materials, optical films used in displays, flexible printed circuit materials, and materials for semiconductor manufacturing.