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

Nitto Denko Corp. (OTCMKTS:NDEKY) shares gapped up prior to trading on Friday . The stock had previously closed at $23.78, but opened at $24.87. Nitto Denko shares last traded at $23.7490, with a volume of 6,374 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Nitto Denko from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Nitto Denko Stock Performance

The company has a 50 day moving average of $24.15 and a two-hundred day moving average of $23.15. The stock has a market capitalization of $16.09 billion, a PE ratio of 19.12 and a beta of 0.88.

About Nitto Denko

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.