Nitto Denko (OTCMKTS:NDEKY) Shares Gap Down – Here’s Why

Nitto Denko Corp. (OTCMKTS:NDEKY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $23.57, but opened at $22.43. Nitto Denko shares last traded at $23.14, with a volume of 2,099 shares changing hands.

Nitto Denko Trading Up 1.5%

The business has a fifty day moving average of $23.42 and a two-hundred day moving average of $23.73. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 17.77 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. On average, research analysts forecast that Nitto Denko Corp. will post 1.23 EPS for the current fiscal year.

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.