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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $20.90, but opened at $20.03. Nitto Denko shares last traded at $20.8045, with a volume of 2,206 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered 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 data from MarketBeat.com, Nitto Denko has an average rating of “Hold”.

Nitto Denko Trading Down 0.7%

The stock has a market cap of $14.09 billion, a P/E ratio of 15.85 and a beta of 0.84. The business has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $20.33.

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 analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. As a group, equities analysts expect that Nitto Denko Corp. will post 1.3 earnings per share for the current year.

About Nitto Denko

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.