Nitto Denko (OTCMKTS:NDEKY) Shares Gap Up – Should You Buy?

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $22.82, but opened at $23.83. Nitto Denko shares last traded at $22.4650, with a volume of 89 shares.

Nitto Denko Stock Performance

The firm has a market capitalization of $15.61 billion, a PE ratio of 17.56 and a beta of 0.83. The company’s 50 day simple moving average is $21.92 and its 200-day simple moving average is $20.61.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, equities research analysts forecast that Nitto Denko Corp. will post 1.30 earnings per share for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation is a Japanese materials and manufacturing company that develops and supplies high-performance products for industrial, electronic, automotive, life science and other applications. Founded in 1918, the company has expanded from its original focus on electrical insulation materials into a diversified global technology business.

Its product portfolio includes industrial and specialty adhesive tapes, protective films, sealing and insulation materials, optical films used in displays, flexible printed circuit materials, and materials for semiconductor manufacturing.