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

Nitto Denko Corp. (OTCMKTS:NDEKY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.64, but opened at $20.73. Nitto Denko shares last traded at $20.73, with a volume of 700 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nitto Denko Stock Up 2.6%

The stock’s 50-day moving average price is $19.38 and its 200 day moving average price is $21.21. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 15.32 and a beta of 0.85.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

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.