Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Time to Sell?

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $18.85, but opened at $18.20. Nitto Denko shares last traded at $18.31, with a volume of 18,045 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nitto Denko has an average rating of “Hold”.

Nitto Denko Trading Down 5.6%

The business’s 50 day moving average is $19.64 and its 200 day moving average is $21.80. The stock has a market capitalization of $12.07 billion, a PE ratio of 13.58 and a beta of 0.85.

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