Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Should You Sell?

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.09, but opened at $20.6169. Nitto Denko shares last traded at $21.13, with a volume of 922 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nitto Denko Stock Performance

The stock has a market capitalization of $13.89 billion, a PE ratio of 15.62 and a beta of 0.84. The firm’s 50 day moving average is $21.08 and its two-hundred day moving average is $20.39.

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

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.