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

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped up prior to trading on Tuesday . The stock had previously closed at $20.09, but opened at $21.4250. Nitto Denko shares last traded at $20.83, with a volume of 31,676 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered 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, Based on data from MarketBeat, Nitto Denko has a consensus rating of “Hold”.

Nitto Denko Stock Up 3.1%

The company has a market capitalization of $14.68 billion, a P/E ratio of 16.51 and a beta of 0.84. The company has a 50-day moving average of $19.63 and a two-hundred day moving average of $20.69.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data 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 the consensus estimate of $1.60 billion. Nitto Denko had a return on equity of 12.35% 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 EPS for the current fiscal 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.