Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – What’s Next?

Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up before the market opened on Wednesday . The stock had previously closed at $21.92, but opened at $22.70. Nitto Denko shares last traded at $21.00, with a volume of 32,004 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of 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, According to data from MarketBeat, Nitto Denko presently has a consensus rating of “Hold”.

Nitto Denko Price Performance

The business’s 50 day moving average price is $21.34 and its 200 day moving average price is $20.29. The firm has a market cap of $14.74 billion, a PE ratio of 16.58 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share 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. As a group, analysts predict that Nitto Denko Corp. will post 1.3 earnings per share for the current 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.