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

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.

Analyst Ratings Changes

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

Nitto Denko Trading Up 1.0%

The company has a market cap of $14.26 billion, a PE ratio of 16.04 and a beta of 0.84. The company’s 50 day moving average is $19.53 and its 200 day moving average is $20.72.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data 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 13.00% and a return on equity of 12.47%. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS.

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.