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

Shares of Nitto Denko Corp. (OTCMKTS:NDEKY) gapped down before the market opened on Friday . The stock had previously closed at $19.97, but opened at $19.09. Nitto Denko shares last traded at $19.7650, with a volume of 10,543 shares.

Nitto Denko Stock Down 2.2%

The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 14.80 and a beta of 0.88. The stock has a 50 day moving average of $22.50 and a 200 day moving average of $23.62.

Nitto Denko (OTCMKTS:NDEKY) last released its earnings results on Monday, January 26th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%. Analysts predict that Nitto Denko Corp. will post 1.23 earnings per share for the current year.

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.